In my mempool right now, about 12% of the pending transactions have inscriptions. But the total fees offered for those transactions represents only 4% of the total fees offered for all pending transactions.

Some of the very high total fee transactions I’ve come across and spot checked look to be coming from centralized custodians where they are consolidating hundreds of inputs into a few outputs. Many of those have 60-150 sat/vB and they are huge because of the many inputs and their witness data.

I suspect the ongoing banking drama is causing more of the mempool congestion than inscriptions are. Lots of onchain activity on a day like today seems like a good thing. 🤷‍♂️