Bernstein: Bitcoin miners received over $100 million in rewards on the day of halving

Bernstein analysts have stated that with the launch of the token protocol Runes, Bitcoin is experiencing a "DeFi summer" moment similar to Ethereum in 2020. On April 20th, Bitcoin miners received over $100 million in rewards, with transaction fees alone accounting for approximately $80 million.

The fourth halving of Bitcoin reduced the block subsidy reward for miners from 6.25 BTC to 3.125 BTC. Prior to the halving, Bitcoin miners received a total of approximately $60 to $700 million in subsidies and transaction fee rewards per day. However, according to data from Blockchain.com, although miners received only half the subsidy reward per block, this number skyrocketed to $107.75 million on April 20th. According to data from Glassnode, approximately 75% ($80 million) of this amount came solely from transaction fees, setting a new historical high.