quick take
- The mempool is approaching 1 gigabyte, which is a staggering feat.
- Currently, transactions with sat/vbyte less than 5 are purged and transactions over 60,000 are unconfirmed.
- However, this demand does not come from the inscription
- The number of new registrations by file type per day is the lowest ever since registrations took place in early 2023.
- The percentage of total transactions involving Inscription files is approximately 2% per file type, the lowest since early 2023.
- The 50+ cohort mempool transaction count and size are hitting all-time highs.
- Unused capacity at Samurai Whirlpool and Wasbai is also skyrocketing. Joint capacity he is 12,00 people, usually around 4,000.
- We’ve known for some time that the rally was spot-driven, not derivatives-driven.
Post bitcoin, mempool explode. It first appeared in CryptoSlate, not ordinal-driven.
