OrangeSurf on Nostr: Over the past 1000 blocks, more than 30% of transactions have been below the ...
Over the past 1000 blocks, more than 30% of transactions have been below the longstanding1 sat/vB default min tx relay fee limit.
If we plot the actual data, we see spikes around round feerates (1,2,3,4 sat/vB) and a (surprisingly ?) large spike in the sub 1 sat/vB fee rates on the right hand side.
We can animate this graph with a 1000 block sliding window for the month of August.
There is a wide range in the proportion of blocks which are < 1 sat/vB, but the 144 block rolling average has been on an uptrend in recent months (shown here is data since June, block 900000)
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"content":"Over the past 1000 blocks, more than 30% of transactions have been below the longstanding1 sat/vB default min tx relay fee limit.\n\nhttps://blossom.primal.net/23e9b2ea50fc23f31a7cf59863a331e95919a06d2a85c56383e67e342d47a416.png \n\nIf we plot the actual data, we see spikes around round feerates (1,2,3,4 sat/vB) and a (surprisingly ?) large spike in the sub 1 sat/vB fee rates on the right hand side.\n https://blossom.primal.net/a18143c5598bf9fa09f54dc026bae5d750285ddc3216188a3cb89732c1e282bc.png \n\nWe can animate this graph with a 1000 block sliding window for the month of August.\n \nhttps://blossom.primal.net/c69fc3f5061f620e604bb0363f8ad03ecb0d2195ab964840f3cfae57b369a17e.mp4 \n\nThere is a wide range in the proportion of blocks which are \u003c 1 sat/vB, but the 144 block rolling average has been on an uptrend in recent months (shown here is data since June, block 900000)\n\n https://blossom.primal.net/aa1cd802fc42a8cfc8cf32b99c41d0babedf8270f9ed3b5112db05ed26ff4772.png ",
"sig":"d7bd408a026cf1b3820115764a3171ce8945fd643e6dbd50a4097c5757e64fa98d29eed992f17b827508f62766db2181a7e6857570f0830c0c1a865a9d966c8e"
}