In December 2017, the commission on operations with BTC could reach $ 10, and in some cases even $ 30. This led to the fact that transactions with commissions of the average market level accumulated in the so-called BTC mempool, but now its size has decreased by more than 88%.
Previously, the transaction confirmation queue depended on the size of the commission – the larger the declared commission, the sooner the transaction will be confirmed. So, transactions with a commission below the average market level “hung in the mempool”. As of November 2017, about 115 thousand unconfirmed transactions worth $ 700 million were observed in the BTC pool. At that time, the average transaction fee was $ 35, currently $ 0.58. However, there is an obvious explanation for this – the lack of significant demand for BTC, such as, for example, that was observed in 2017.
Along with the reduction in mempool size, the number of confirmed transactions per day also decreased. In December 2017, an average of about 350-400 thousand was confirmed per day, in August of this year – about 300-350 thousand.
Note that over the past day, the cost of BTC collapsed by about $ 1 thousand – at the beginning of the week, cryptocurrency was trading around $ 10,400. At the time of this writing, the rate is about $ 9,450.
