Starting last year until now, transaction fees have improved compared to the previous bullish period. Right now, fees are still cheap compared to the past, where sometimes they even reached $100 or more during a bull run. So, what changed? Will these low fees continue in the long term, or might we see another spike in fees when the price of Bitcoin surges again?
Nothing changed than we have the mempool being less congested either by the bitcoin transaction volume or the ordinance taking charge to compete the block space with bitcoin transaction.
It is also important that we know that not only the ordinance that can cause the mempool congestion, the bitcoin network also could contribute base on the number of transactions or the volume of awaiting order of unconfirmed transactions in the mempool.