For the first time in more than two years, the Bitcoin blockchain’s average transaction fee falls below $1, showing that the network is quite viable for the masses. Despite the fact that the Bitcoin ecosystem has recorded high transaction fees in the past, upgrades such as Lightning Network and Taproot permanently assure faster and cheaper transactions. This is because high transaction fees, especially for small amounts, are to the detriment of users and can discourage them from taking advantage of the blockchain. The decrease in transaction fees is not only due to the upgrades, but also to several other factors, including falling exchange rates and lower mining difficulty. Since Monday, the average bitcoin transaction fee has fallen to $0.825. The last time the transaction fee was at such a level was June 13, 2020.