Quote from: Bureau on November 07, 2023, 12:58:55 PM

I was checking mempool and saw the transaction fee sky rocketing. I am not sure what happened suddenly as these fees are way beyond anyone's imagination. Later on, I did found out that Binance has listed Ordinals (ORDI). I want to ask the community whether the severe high transaction fee occured because of the listing?

https://www.talkimg.com/images/2023/11/07/t1GIb.jpeg

I went ahead and check the price of $ORDI on Binance and found that it is trading at a price which is way beyond it should be. I am sharing the screenshot below.

https://www.talkimg.com/images/2023/11/07/t1M7v.jpeg

Anyone here who can give a solution to this issue? I feel they would continue to make the transaction fee in those Satoshi figures . This situation would not help small investors and traders as they would avoid these kinds of transaction fees.

Edited on 10th of November 2023

https://www.talkimg.com/images/2023/11/10/tpSMJ.jpeg

As expected it is now beyond the control of anyone except those who were part of the development. They should come up with a solution otherwise the whole idea would crumbled.

Look at this after I posted before the current price.

https://www.talkimg.com/images/2023/11/10/tpZJC.jpeg

This has to stop or everything that was beautiful would become a nightmare. Those who created it have to come out of a unique solution.

These fees are insane and out of the limit of anyone who is like me. Imagine someone wants to transfer $10! Do you think these atrocious fee would help them.

Today's date: 6th of December 2023.
https://www.talkimg.com/images/2023/12/06/NbmD3.jpeg

Ordinals are taking over again right now.
Minting these BRC-20 token creates a ton of TXID. If you have a look at the mempool right now there are around 135k transactiones that are unconfirmed.

There is a good overview from @DdmrDdmr where a lot of ordinals data are shown.
The blocksize weight from Ordinals went from 20-30% to over 60% in the last two days for example. Lauri.co