Average BTC transaction fees increased by 300% a few days before the halving

The average Bitcoin transaction fee peaked at $ 3.19 on May 8, an increase of more than 300% compared to the $ 0.62 average transaction fee on April 26.

According to data available on bitinfocharts , the average Bitcoin transaction fees on May 8 peaked at $ 3.19, an increase of over 300% compared to the average fee on April 26, $ 0.62. Last time, the average BTC transaction fee was over $ 3.00 in July 2019.