The number of inscriptions has reached near record highs again this week while fees have remained relatively flat.

I don’t have a way to see how much of this is just old low fee rate transactions vs. new transactions, but based on the number of transactions in mempools remaining pretty constant through the last couple weeks, there has to be a certain amount of new activity too. Total transaction volume hasn’t spiked as high as it did earlier this month and that is helping keep fees down, I’m sure.

Either way, it’s good to see that even with multiple days of near record inscription volume, we aren’t seeing the insane fee spikes like we saw earlier in May.