Replying to Avatar makeasnek

I haven't seen 2 sats/vbyte in a long time, is there any known major/macro reason why fees are so low right now? Everywhere I look it seems like adoption is growing but fees tell a very different story.

#asknostr #bitcoin
Avatar
Mike 11mo ago

It's all off-chain. People buying and hodling on exchanges, ETFs, transacting with lightning. Good for scaling but...don't forget to self-custody.

Reply to this note

Please Login to reply.

Discussion

Avatar
makeasnek 11mo ago

But is that different than say.. six months ago? That's my confusion.

Avatar
Mike 11mo ago

Hmm....good question. Fees do look exceptionally low for about the last 6 months actually, ignoring spikes. https://mempool.space/graphs/mining/block-fee-rates#2y

Now I want an answer!