I did a transaction recently and the average tx fee suggested by Electrum made me wait 10 hours to confirm. This is not good if Bitcoin wants to compete with fiat payment processors.
You have to check
https://mempool.space/ before making your tx, sometimes Electrum might not give you a good estimate when making your tx, if you check mempool.space, you can then customize your fee rate in Electrum to that for high priority, and you may not have to wait for so long for a confirmation. Though take note that you could broadcast your tx and the fee rate in the mempool goes high, meaning you have to either wait for the fee rate to drop, or you have to bump your tx with rbf.
BTC isn't competing with other payment systems, blocks are mined ~ 10 minutes on average, and tx fee rate can go high sometimes, meaning that you have to outbid other users by paying a higher fee to get a space in a miners block.
This is what i like when using up Electrum on which you could really be able to modify fees according into the amount that you are really that willing to be spend in terms of fees amount.
In regarding on the situation and connecting out on BRC20 then its not really that new anymore, this kind of network congestion is never been the first time that do happen into the network.
Just like on what mentioned above, this would usually flat out on 1-2 weeks time basing up on the last congestion similar as this but if you are really that in a rush
on pushing up a transaction then you could always have that option on taking that high priority fee.
The ones who are mainly affected into this one are to those people who are really that making some micro transactions on which even if 4-5 bucks isnt that much on some people
but this is an amount that not all would really be liking to see on. No one really likes to pay up high fees but this is actually the main flaw of Bitcoin
is on about its scalability but well we arent experiencing this problem all of the time.Indeed there are really just times of the year that we would really be
hitting up this scenario.