Bitcoin Fee Ratio Multiple at Lowest level Since Jan 2018, But What Does it Mean?
A key on-chain metric for Bitcoin has fallen to its lowest level for almost three years which is good for network security.
Bitcoin’s Fee Ratio Multiple (FRM) is a metric for measuring the distance proof-of-work blockchains have to cover in order to sustain current security levels solely through transaction fee revenue.
According to analytics provider Glassnode, FRM is linked to demand and caused by higher transaction fees. It is currently at its lowest level since January 2018.
See more for yourself here (https://cryptopotato.com/bitcoin-fee-ratio-multiple-at-lowest-level-since-jan-2018-but-what-does-it-mean/).