Bitcoin mining revenue hit a record $107.8 million in one day following the recent halving, surpassing expectations of a decline.

Approximately 75% of the revenue was generated from transaction fees, which reached an all-time high, with the remaining coming from block rewards.

The surge in mining revenue is linked to the adoption of the Runes token standard, which has increased transaction fees and miner revenue.

Despite a decrease in new Bitcoin addresses, the revenue increase suggests that existing crypto users are driving the current surge.

The success of the Runes protocol, developed by Casey Rodarmor, might significantly alter the economics of Bitcoin mining.

The increase in transaction fees could potentially address Bitcoin's security challenges and benefit large mining companies.

Experts are considering the possibility that high transaction fees might hasten the adoption of layer-2 solutions such as the Lightning Network.