nostr:npub13cnlldwfhwxd6qf34hnwlfya2m2qrd2zfk0alxnrup6d2fasw9wqxwkzpe nailed the pool side. I'd add the economics have changed more from price increase than fees at this point. While more blocks are coming in with substantial fees it's still not the effect that jumping to $40 had on bottom lines.

I would say the fees are more proving that the mining death spiral isn't happening. They aren't changing things substantially yet but are showing that the fee market can be healthy enough as this utilization increases.