After a period of elevated fees for Bitcoin transactions in the past two months, the network has consistently maintained fees below the average level.
The transaction fee in the Bitcoin blockchain began to rise on May 2, surpassing $5 and reaching a peak of $31.14 on May 8 (according to BitInfoCharts data).
Since then, from the peak until August 24, the average transaction fees fluctuated around $5, remaining below this price for over two months.
The $5 mark holds economic significance, as it is below the average price of a Big Mac ($5.58) in the United States, which is related to the Big Mac Index used for global purchasing power analysis.
The Big Mac Index was introduced by The Economist in 1986 to measure purchasing power parity and compare prices of goods in different countries.
