Bitcoin’s mempool is a holding area for transactions broadcast to the network but not yet included in a block. Analyzing the mempool provides insight into network congestion, transaction demand, and fee trends, offering a unique vantage point on the state of the Bitcoin ecosystem.
During the final months of 2023 and the early weeks of 2024, the Bitcoin network experienced significant congestion, as evidenced by the swelling size of the mempool. In mid-December, the mempool contained 117,813 transactions waiting to be processed, and transaction fees totaling 50.9 BTC.
This congestion signaled a high demand for block space and highlighted the network’s challenges in accommodating surging transaction volumes. By the end of December, the situation intensified, with the mempool size escalating to 194,374 transactions, indicating a peak in network activity and user engagement.
Graph showing the total number of transactions waiting in the Bitcoin mempool from Nov. 25, 2023, to Feb. 21, 20
We współpracy z: https://cryptoslate.com/bitcoin-network-congestion-eases-as-mempool-clears-in-february/
