The number of transactions waiting in Bitcoin’s mempool has been thin since mid-May, a rare event in bull markets.
This prolonged quiet spell has pushed median fee rates down to 1 sat/vB or less, left many blocks underfilled, and revived long-term questions about the health of Bitcoin’s fee market.
Some reports showed that the 7-day average of confirmed daily transactions fell to 317,000 in early June, levels last seen in October 2023.
Weak on-chain Bitcoin usage shows grassroots struggle
A look at recent blocks shows how sparse activity has become. On June 9, several blocks carried fewer than 2,000 transactions and collected barely 0.01 to 0.03 BTC in total fees. Block 900451, mined by MARA Pool, included just 12 transactions.
Other blocks from Foundry USA and ViaBTC accepted transactions paying less than 1 sat/vB, some hovering near 0.01 BTC in fees. With the mempool consistently empty, miners include whatever they can to fill space.
Screengrab showing Bitcoin’s blocks from blo
We współpracy z: https://cryptoslate.com/why-is-bitcoins-mempool-so-quiet-while-its-price-surges/
