Bitcoin
The Mempool Is Empty and Nobody Noticed
Two years ago, Bitcoin's mempool was a battleground. JPEGs and memecoin inscriptions paid hundreds of sats per vbyte to fight for confirmation. Blocks cleared at a fraction of that rate today, and nobody is talking about it. The quiet fee environment is not a sign of health. It is a structural problem arriving on schedule.
6 min read·bitcoin, mempool, fees