This will be the first year in Bitcoin's history where the annual security budget as % of market cap will be higher than the year before (from 1.8% to 1.9%)

The security budget is the amount miners earn for securing the network. When this value is high, 51% attacks are expensive and vice versa.

For more Bitcoin security budget insights, you can see my full dashboard here 👇

Crypto Data nerd | Research @ 0xKofi.com | 🇬🇭

For more Bitcoin security budget insights, you can see my full dashboard here 👇

https://dune.com/niftytable/bitcoin-security-budget

Why is this increase happening?

Annual transaction fees rose from 5,375 BTC in 2022 to 21,970+ BTC in 2023.

And more block rewards were collected. Total block rewards was 337,799 BTC in 2022 and 354,470+ BTC in 2023

Note: I added the + signs because the year isn't over yet