Something banks cannot do: Clear on weekends as BTC transactions hit record numbers Definition
The total number of transactions waiting in the mempool in different size (vByte) cohorts.
Quick Take
- The number of transactions in the mempool has surpassed three-year highs
- Transaction count surpassed Ordinals hype, and Luna and FTX collapse, showing high transaction demand.
- This demand is most likely from the fallout of Silvergate and SVB; as banks are closed over the weekend, Bitcoin becomes the main asset for weekend use.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
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In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
