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