As sourced from
here, the mempool registered a total of 613K+ transactions today, with a slight increase of average transaction cost in recent days from around 6 to 15 sats/vB.
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Do people think this high usage is good or bad for Bitcoin? Are there still many inscriptions being made on the network or is this more financial transactions?
Although I prefer the mempool priced around 4-6 sats/vB, I'm also happy being patient if not urgent, like most network users it seems.
When it comes to sats/byte transaction then 2-4 would be the best which it would really be just only possible if there are not much transactions in the chain or not simply being clogged up. Now that we are seeing
600k+ and having that average 6-15 sats/vB then it isnt something that we need to brag since it is really just a typical day and typical numbers but with the gradual increase then we do know on what indicates on this one which is really that users are making more transactions now . The only thing that i do really mind off is on the time that the pool would be clogged up again just like in the past knowing that
Bitcoin does have that scability issues then expect for those fees to jump higher. There are even times that it do hit up $20 or more per transaction. lol