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Bitcoin’s Transaction Backlog Surges Past 400,000

[Aug 20, 2023 10:30 AM] A fortnight ago, unconfirmed BTC transactions dipped under 300,000. However, they’ve since rebounded, surpassing the 400,000 mark. While the average network fee remains under $1, since August 6, it’s fluctuated from $0.77, peaking at…

Bitcoin Network Adjusts: Mining Difficulty Rises 0.12% to 52.39 Trillion

[Aug 10, 2023 12:00 AM] Bitcoin miners saw a slight increase in mining difficulty on August 9, 2023, at block height 802,368, as the difficulty rose 0.12% from 52.32 trillion to 52.39 trillion. Over the last 2,016 blocks, miners recorded an average hashrate of about 376.5…

Bitcoin Mempool Overwhelmed With 134,000 Unconfirmed Transactions Amid Price Volatility

[Apr 26, 2023 3:30 PM] Amidst the buzz surrounding bitcoin’s latest price surge, a significant number of transactions are currently clogging up the mempool. As of writing, 134,986 unconfirmed transactions await confirmation, and block times are lingering above the…

Post-Shapella Hard Fork: Ethereum Deposits Exceed Withdrawals, Wait Time Climbs, ETH Transfer Fees Jump

[Apr 19, 2023 1:00 AM] It has been a week since Ethereum’s Shapella hard fork, and statistics indicate that ethereum deposits on April 18 have exceeded withdrawals for the first time since the upgrade. At present, 929,999 ether worth $1.94 billion is pending…

Ethereum Network’s Rising Gas Fees in 2023: A Balancing Act of Growth and Cost

[Feb 3, 2023 9:00 AM] Ethereum gas fees have increased 13.71% in the last two weeks, with the average fee rising from $4.52 per transaction to $5.14 per transfer on Feb. 3, 2023. Despite ethereum’s price seeing significant growth this year, its network’s…

Stats Show Ethereum Transaction Fees Have Remained Under $5 During the Last 175 Days

[Dec 10, 2022 12:30 PM] Fees tied to the Ethereum network have been under the $5 region per transaction during the last 175 days, according to statistics. Metrics show that on Dec. 10, 2022, the average ethereum transfer is around 0.0023 ether or $2.87 while the…