Transaction backlog and fee inflation mark Bitcoin’s network challenges amid rising popularity of Inscriptions.
As the primary holding area for unconfirmed Bitcoin transactions, the mempool offers vital insights into the network’s operational status. High fees within the mempool typically signal increased network activity and potential congestion, impacting transaction processing times and user costs. There has been a notable increase in both the number of transactions and the total size.
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.