Can someone with knowledge educate this dog about mempool fees being so high right now? Why? πŸΎπŸΎπŸ«‘β“

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Demand for block space and the priority of your transaction. If there is a high demand for block space if you want your transaction to confirm faster you will use a higher sats/vb fee. Or do you me specifically why rn now?

Thanks! I meant right now. Something is going on? 🐢🐾🫑

Ah my bad *insert news here* that’s why πŸ˜‰

Ok, so β€œsome news” triggered a bunch of people transacting? What are the news? I am sure I am missing something and living under the stone πŸΆπŸΎπŸ«‘πŸ˜‚

No idea as far as I’m concerned it looks normal. It’s been higher in the past there are always periods of higher and lower fees.

The blocks dont look like they are filled with inscriptions like when mempool was full of inscriptions a few weeks ago... I dont know but I love to see high demand for block space :)

Interesting! Will look into this tomorrow

Curious to hear your thoughts and analysis when you do :)

As a node runner you probably know more then I do πŸ˜… but will do! Gn πŸ’œ

GNπŸΆπŸΎπŸ«‚πŸ’•πŸ’€

Don't quote me on this cause I'm not 100% up-to-date, but I thought it's still to do with what they call ordinals, basically images in part of the transaction data, some new way to mint and save on chain if I understood correctly.

Thanks! That brings more info! 🐢🐾🫑