Overcrowded Mempool Bitcoin Drives 350% Fee Increase | Crypto


Commissions on the bitcoin network increase several times against the backdrop of its price growing to always new highs. At the same time, there is an increase in unconfirmed transactions in the mempool.

The previous increase in the average transaction cost was recorded at the end of October. The highest value was $ 13.15. According to Chaise Block, between December 13 and 18, the commission drops from $ 2.70 to $ 12.25.

The data: Block chair.

On December 18, the number of unconfirmed transactions peaked in 30 days: 135,237. At the time of writing, the number had dropped to 93,471.

The data: blockchain.com.

The size of the mempool is 54.62 MB.

The data: blockchain.com.

The mempoolspace service states that the mempool rejects transactions with charges less than 2 satoshi per byte. Priority is given to commissions of 144 satoshi per byte.

Recall that the commissions in the first cryptocurrency network fell below 8 dollars in November. There are just under 6,000 unconfirmed transactions.

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