Bitcoin fee share of block rewards falls to second-lowest level since July 2016

Bitcoin’s on-chain fee income fell to an unusually small share of miner revenue on Oct. 11, according to data compiled by Wu Blockchain’s data center and cited by Techub News. Fees accounted for just 0.31% of block rewards that day, marking the second-lowest reading since July 2016. Network-wide fee revenue came in at about 1.4 BTC, or roughly $116,000, while block subsidy income was about 450 BTC per day, equivalent to around $37.59 million. On that basis, 99.7% of miner revenue came from the block subsidy rather than transaction fees. The report also said the ratio has stayed below 1% for 51 straight days. Among the 10 lowest trading days on record for this metric, eight occurred in 2026. For comparison, the ratio reached 43.57% on Dec. 22, 2017. It later climbed to 75.44% on April 20, 2024, the day of Bitcoin’s halving and the launch of Runes.