So, what changed?
No more Ordinals NFTs and BRC20 spamming the mempool is the reason. They made the mempool become very congested than it should be and now people have dumped the tokens.
That makes sense. The mempool was definitely more jammed when BRC20 tokens and Ordinals NFTs were everywhere.
Now that the hype has cooled off, things feel a lot smoother. I agree that fewer of those transactions help keep fees low. Hopefully, it stays that way even during the next bull run.
It just shows every hype happening, especially in the Bitcoin chain, is just temporary - now we will just worry about what's next hype will happen that will make the mempool congested.