Babylon Labs Unleashes Bitcoin Staking, Sending Transaction Fees Soaring to New Heights

TL;DR Bitcoin transaction fees skyrocketed to $132 due to the launch of native staking by Babylon Labs, compared to the previous average of $0.26. Babylon Labs launched the first phase of its Bitcoin staking mainnet, allowing users to lock up BTC without immediate rewards. The spike in transaction fees, from 0.3 BTC to 9.6 BTC ... source: https://crypto-economy.com/babylon-labs-unleashes-bitcoin-staking-sending-transaction-fees-soaring-to-new-heights/