Recent median fee rates are below 20 sat/vB despite the presence of over 557,000 unconfirmed transactions in our mempool.
Discussion
What does that tell you?
You can observe many transactions being broadcast with lowball fees well below that required to enter the next block, increasing the unconfirmed transaction count but not affecting the fee rate
The total amount of transactions are irrelevant for the fee bidding.
But I suppose, you already know that.
Patience is a virtue 🤓
zap the fees away âš¡