Something banks cannot do; clear on weekends, as Bitcoin transactions hit record numbers over weekend
Definition The total number of transactions waiting in the mempool in different size (vByte) cohorts. Quick Take The number of transactions in the mempool has surpassed three-year highs Transaction count surpassed Ordinals hype, and Luna and FTX collapse, showing high transaction demand. This demand is most likely from the fallout of Silvergate and SVB; as […]
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Definition
The total number of transactions waiting in the mempool in different size (vByte) cohorts.
Quick Take
- The number of transactions in the mempool has surpassed three-year highs
- Transaction count surpassed Ordinals hype, and Luna and FTX collapse, showing high transaction demand.
- This demand is most likely from the fallout of Silvergate and SVB; as banks are closed over the weekend, Bitcoin becomes the main asset for weekend use.
The post Something banks cannot do; clear on weekends, as Bitcoin transactions hit record numbers over weekend appeared first on CryptoSlate.
