The total number of transactions waiting in queues of different sizes (vByte) in the mempool.
- The number of transactions in the mempool has exceeded a three-year high
- The number of transactions exceeded the hype of Ordinals, and Luna and FTX crashed, showing high transaction demand.
- This demand is likely to come from the influence of Silvergate and SVB; as banks are closed on weekends, Bitcoin becomes the main asset used on weekends.
Mempool transaction count by group: (Source: Glassnode) Latest ReportSilvergate: After-the-fact analysis
CryptoSlate’s latest report dissects the dying cryptocurrency bank to understand why it collapsed and how other banking giants will share in Silvergate’s fate.
Andjela Radmilac · 23 hours ago
Source of information: Compiled from CRYPTOSLATE by 0x Information.Copyright belongs to the author, without permission, may not be reproduced