Looks like BTC chewed through the vast majority of the fees…

Twetch ·

Looks like BTC chewed through the vast majority of the fees in their mempool overnight, which was just over half of the waiting transactions, but only ~20 of 77MB in the mempool.

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Twetch ·

Considering large txs on BTC are typically highly batched transactions, it appears that a vast majority of actual transactions (contained in a batch tx or not,) are still waiting confirmation.

This includes users of exchanges, and exchanges themselves.