Quick Take
The mempool is approaching 1 gigabyte, which is a crazy feat. Currently, transactions below five sat/vbyte will be purged, with over 60,000 unconfirmed. However, this demand isn’t coming from inscriptions The number of new Inscriptions per day, breakdown by file type, has hit a new low since inscriptions took place in early 2023. While the proportion of the total number of transactions (%) associated with Inscription files, breakdown by file type, is around 2%, the lowest since early 2023. The mempool number of transactions and size by the cohort that is 50+ is going to new highs. Samurai Whirlpool and Wasbai’s unspent capacity is also surging. They have a joint capacity of 12,00, usually around 4,000. We have known for some time this rally is spot-driven and not derivatives led.
New Count: (Source: Glassnode)
Transaction Count Share: (Source: Glassnode)
Mempool Total Size of transactions: (Source: Glassnode)
Mempool number of transactions: (Source: Glassnode)
Mempool: (Source: Mempool.space)
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