December 2, 2022

The number of unconfirmed transactions in the Bitcoin mempool is growing

The number of unconfirmed transactions in the Bitcoin mempool is growing

The number of unconfirmed transactions on the Bitcoin network has risen to levels in June 2019.

After almost total downtime the number of unconfirmed transactionsBitcoin in the mempool exceeded 75,000. As a rule, such a confident filling of the pool leads to an increase in the price of the coin. That was the case in June 2019, and yesterday the price of BTC soared to $ 9500. Recall that earlier we analyzed what a mempool is and why transactions get stuck in this pool.

The number of unconfirmed transactions in the Bitcoin mempool is growing

The size of the mempool in bytes also shows an increase in the number of transactions awaiting confirmation. It increased significantly, exceeding 76 MB.

The number of unconfirmed transactions in the Bitcoin mempool is growing

The commissions in the network also increased significantly. Yesterday, the commission rose to $ 1.25. However, these figures are still far from the March $ 1.5 and record summer commissions of $ 6.5 per transaction last year.

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