<p>The share of overall bitcoin miner revenue from transaction fees rose to roughly 12% in October — the highest level since January 2018.</p> <p>The development, according to data from Coin Metrics, is perhaps unsurprising given that the end of October saw <a href="https://www.theblockcrypto.com/linked/82846/average-bitcoin-transaction-fees-rose-to-their-highest-level-since-2018-this-week" target="_blank" rel="noopener noreferrer">a notable jump</a> in bitcoin transaction fees. Blockchain transaction fees are higher when the network is busier, as users pay more to compete for a limited amount of block space. </p> <p>Another likely factor: bitcoin fees are paid in the form of BTC, and the digital asset's value rose above $13,000 during October, briefly passing $14,000 on Halloween, according to <a href="https://www.coinbase.com/price/bitcoin" target="_blank" rel="noopener noreferrer">Coinbase</a> data. </p> <p><iframe title="Bitcoin Transaction Fee % of Total Miner Revenue" src="https://embed.theblockcrypto.com/data/on-chain-metrics/bitcoin/bitcoin-share-of-transaction-fee-from-total-miner-revenue-monthly/embed" width="100%" height="420" frameborder="0"></iframe></p> <p>&nbsp;</p> <p>Miners generated a total of $352.57 million in monthly revenue during October, according to data from Coin Metrics.</p> <p><iframe title="Bitcoin Miner Revenue (Monthly)" src="https://embed.theblockcrypto.com/data/on-chain-metrics/bitcoin/bitcoin-miner-revenue-monthly/embed" width="100%" height="420" frameborder="0"></iframe></p>