Insights

Bitcoin memory usage full, number of transactions waiting in the mempool exploding to new highs.

exchange68September 13, 2024

0 0 Less than a minute

Quick Take

Bitcoin memory usage has exceeded 300MB, with a capacity of 545 MB
We are currently seeing <3.00 sat/vB being purged, while high priority is up to a whopping amount of 32 sat/vB
Inscription’s new count over 24 hour period has fallen dramatically, which shows demand is not at the original hype.
While the mempool number of transactions by cohort has exploded to new highs, this is the total number of transactions waiting in the mempool in different size (vByte) cohorts.
Could this potentially be panic to get coins off exchanges after the fallout from SIlvergate?

Mempool number of transactions: (Source: Glassnode)

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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