Justin Drake stated that Bitcoin transaction fees have been decreasing for 13 years and currently make up only about 1% of miner income

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According to him, fees now contribute just 1% of total miner revenue, down from earlier levels and hovering near a 13-year low of roughly 6.5 BTC per day.

According to Drake, Bitcoin fees have fallen for 13 years, with miners generating less than 10 BTC in daily fees. He believes that this low fee represents a disincentive for most miners who are the ones securing the network and could eventually affect the network, a contagion risk for the whole crypto industry.