Bitcoin’s block chain lacks significant activity in the chain, even when your native token, Bitcoin
It quotes near a record price per unit. That is in accordance with Mempool, a retention area for unconfirmed blockchain transactions that expect to be included in a block by miners.
In Satuday, the Mempool had only 5,000 odd transactions waiting for inclusion, with the count increasing to 15,000 at the time of the publication, still far from 150,000 when the BTC price increased for the first time above $ 100,000 at the end of 2024, according to the Data Origin Blockchain.com.
Since March of this year, the count has oscillated between $ 3,000 and $ 30,000, indicating an anemic demand for the network even though BTC establishes a support point above $ 100,000.
“Mempool of Bitcoin (Transaction tail waiting to be processed) It is almost completely empty. The percentage of miners’ income comes from rates (instead of inflation) It is reduced to a fraction of the percentage, “said Joël Valenzuela, marketing director and business development, in X.
“In a nutshell, almost all real Bitcoin users have gone. At the prices of all time too!” Valenzuela added, calling the situation an important crisis in which the network breaks or becomes “completely custodial assets administered by governments and institutions.”
According to Joao Wedson, CEO and founder of the Crypto Alphractal data analysis platform, The Idle Mempool is a sign of retail participation in the market.
“When Mempool transactions begin to increase again, it is a clear sign that retail trade has returned, because the growing delay reflects a greater demand for the use of the network,” Wedson said.
