Fee / Reward
Network Activity
Ratio of transaction fees to the block subsidy. Rising values mean fees are becoming a larger share of miner revenue — a sign of blockspace demand.
Current Value
0.0057
As of
2026-10-16
Z-Score
—
Signal
No threshold
Methodology
Open, reproducible — computed from our own archive node
Definition
Fee / Reward — transaction fees as a multiple of the block subsidy. Tracks the transition toward a fee-driven security budget.
Formula
fee_to_reward = total_fees / total_subsidyHow we compute it
From the miner-extraction stage: daily total fees over daily total subsidy. Accepts BTC or USD inputs (the ratio is unit-invariant). NaN-safe.
Interpretation
Rising values mean fees are becoming a larger share of miner revenue — a sign of strong blockspace demand.
Caveats & limitations
- ·Requires the miner-extraction stage.
Current Fee / Reward reading
As of 2026-10-16, Bitcoin’s Fee / Reward is 0.006, compared with 0.007 one year earlier (2025-10-16). The series has 6,491 daily readings from 2009-01-03 to 2026-10-16, computed from our own full-archive Bitcoin node and refreshed every day.
Historical extremes
The highest Fee / Reward on record is 3.072 on 2024-04-20; the lowest is 0.000 on 2009-01-03. Readings near either end of that range have historically coincided with cycle turning points — use the chart above to see where today sits relative to past extremes.
Read it with
- TX Count — Transaction count proxy derived from UTXO activity.
- TX Momentum — Transaction count momentum.
- UTXO Growth — Net change in unspent outputs.
- UTXO Density — Average outputs per block.
- Congestion — Network congestion indicator.
Data & method
Source: computed from raw UTXO data on OnChainLab’s own Bitcoin node — no third-party data vendor. Category: Network Activity. Last updated 2026-10-16. The full series is free to download as JSON or as part of the full daily CSV, and the published dataset is cryptographically committed — you can verify it yourself. Browse all metrics.