Weak market + US holiday on Thursday + Bearish Action = low fees.
The only thing not going in the same direction is hash power. If it were going north, then fees would have been even lower.
Hurricane + End of Q2 + Lowest income per th/s in years = low hashrate!
We lost ~100 blocks in the last two weeks, on the current mempool it would have been enough to make it to 2 sat/vb!
Seems like a clear indicator of both runes and ordinals and unfortunately also usage is slowing down to a snail pace!