Now that Bitcoin fees have come back down, what was the cause of the increase? Was it runes and ordinals?
Has the volume of these derivatives declined to the point that fees are now what they used to be?
The market slowed down. As the price is down, we see less speculative movements with ordinals runes etc...
Also less people sending btc to exchanges.
Fees will probably get higher again when we get closer to ath.
Then people will start selling Jpegs for millions again, flooding the network with apes dicks etc..