Cryptocurrency
Something banks cannot do; clear on weekends, as Bitcoin transactions hit record numbers over weekend
meaning
Total number of transactions waiting in mempool for different size (vByte) cohorts.
quick take
- mempool transactions hit 3-year high
- Transaction numbers outperform Ordinals hype, Luna and FTX collapse, showing high transaction demand.
- This demand is most likely due to the impact of Silvergate and SVB. Banks are closed on weekends, so Bitcoin will be the primary asset to spend on weekends.
Post What Banks Can’t Do. It first appeared on CryptoSlate as Bitcoin transactions reached record numbers over the weekend.
