Since last year, transaction fees have been lower than they were in the last bull run. Right now, they’re still cheap, while in the past they sometimes went over $100. What caused this change? Will low fees last, or will they rise again if Bitcoin’s price jumps?
Besides ordinals which was confusing the mempool but send to have lost patronage now, the increased adoption of lightening network layer 2 solution which diverts little transactions off the mempool and has been of great help to the decongestion of the mempool for a seemingly longer period of timeSee the charts below
https://www.datawallet.com/crypto/best-layer-2-cryptos