What the Banks Can’t Do; Sunny Weekend as Bitcoin Volumes Hit Record Highs Over the Weekend


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 queue: (Source: Glassnode)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 Silvergate: An afterthought

Source of information: Compiled from CRYPTOSLATE by 0x Information.Copyright belongs to the author, without permission, may not be reproduced

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