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Bitcoin Blockchain lacks meaningful activity on the chain, even as its native token, bitcoin
It trades near a record price per unit. This is, according to Mempool – the Holding area for unconfirmed blockchain transactions waiting to include in the miners block.
On Satuday, Mempool had only 5,000 odd transactions waiting for integration, and the sum increased to 15,000 at the time of printing, still far from 150,000, when the BTC price first rose over $ 100,000 at the end of 2024, according to data source, according to data source Blockchain.com.
Since March this year, the sum has been oscillated between $ 3,000 and $ 30,000, indicating an anemic demand for the network, although BTC has founded over $ 100,000.
“Bitcoin’s Mempool (Front transaction waiting for processing) It is almost completely empty. A percentage of miners’ income coming from fees (instead of inflation) It is a fraction of a percentage, ”Joël Valenzuela, marketing director and business development, said to x.
“Simply put, almost all real bitcoin users have disappeared. Also at the highest prices!” Valenzuela added and described the situation as the main crisis where the network goes bankrupt or becomes “completely correct property operated by government and institutions”.
According to Joao Wedson, CEO and founder of the Crypto Data Analysis Platform Alphrantal, the IDle Mempool is a sign of the missing participation of the retail market in the market.
“When the Mempool transaction starts to rise again, it is a clear sign that the retail is back – because the growing pending reflects the increased demand for the network,” Wedson said.
