One thing banks can not do; clear on weekends, as Bitcoin transactions hit document numbers over weekend

by Jeremy

Definition

The full variety of transactions ready within the mempool in numerous measurement (vByte) cohorts.

Fast Take

  • The variety of transactions within the mempool has surpassed three-year highs
  • Transaction depend surpassed Ordinals hype, and Luna and FTX collapse, exhibiting excessive transaction demand.
  • This demand is more than likely from the fallout of Silvergate and SVB; as banks are closed over the weekend, Bitcoin turns into the principle asset for weekend use.
Mempool number of transactions by cohort: (Source: Glassnode)
Mempool variety of transactions by cohort: (Supply: Glassnode)

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