Mempool Observer Topic

[FeeBuddy]

     

• fastestFee: 5 sat/vB
• halfHourFee: 4 sat/vB
• hourFee: 4 sat/vB
• economyFee: 4 sat/vB
• minimumFee: 3 sat/vB

[FeeBuddy]

     

• fastestFee: 4 sat/vB
• halfHourFee: 4 sat/vB
• hourFee: 4 sat/vB
• economyFee: 4 sat/vB
• minimumFee: 3 sat/vB

[FeeBuddy]

     

• fastestFee: 4 sat/vB
• halfHourFee: 4 sat/vB
• hourFee: 4 sat/vB
• economyFee: 4 sat/vB
• minimumFee: 2 sat/vB

[FeeBuddy]

     

• fastestFee: 5 sat/vB
• halfHourFee: 4 sat/vB
• hourFee: 4 sat/vB
• economyFee: 4 sat/vB
• minimumFee: 2 sat/vB

[FeeBuddy]

     

• fastestFee: 10 sat/vB
• halfHourFee: 9 sat/vB
• hourFee: 7 sat/vB
• economyFee: 6 sat/vB
• minimumFee: 3 sat/vB

[fillippone]

Spike in the fees observed.

The reason is this new "protocol"

Babylon Protocol.
https://babylonlabs.io

Basically: nonsense.
Spend now transaction fees to get your satoshi in a "staking decentralised smart contract", to earn imaginary points with no real value.

First come, first serve, hence the rush to get into the blocks.



Apparently, the spike was short-lived, and this nonsense is already past.
Wondering if fee buddy will notice that.

[nutildah]

Funny how FeeBuddy missed out on this entire, short-lived phenomenon:

https://x.com/mononautical/status/1826604180251050388

Fees are currently going insane because people are rushing to "stake" coins on @babylonlabs_io.

There's a cap of 1000 BTC, in first-come-first-serve increments of at most 0.05 BTC per transaction.

Each transaction weighs ~236 vb, so it'll use ~5 blocks of space to complete.

Apparently, the spike was short lived, and this nonsense is already past.
Wondering if fee buddy will notice that.

You beat me to it. Yes its good to know its not some sort of new Ordinals/BRC20/Runes rush.

[fillippone]

Funny how FeeBuddy missed out on this entire, short-lived phenomenon:

https://x.com/mononautical/status/1826604180251050388

Fees are currently going insane because people are rushing to "stake" coins on @babylonlabs_io.

There's a cap of 1000 BTC, in first-come-first-serve increments of at most 0.05 BTC per transaction.

Each transaction weighs ~236 vb, so it'll use ~5 blocks of space to complete.

Apparently, the spike was short-lived, and this nonsense is already past.
I'm wondering if fee buddy will notice that.

You beat me to it. Yes its good to know its not some sort of new Ordinals/BRC20/Runes rush.

😂
LOL
everyone read that very tweet.
It's not that fee buddy missed that spike, it is probably due to the "lag" in reporting and the fact that he uses some kind of averaging.
We will know more on the next update, due at 9:59 PM forum time, to see if the spike is visible on the chart.
My guess is that it will, but the fee estimate will be barely moved.

[FeeBuddy]

     

• fastestFee: 5 sat/vB
• halfHourFee: 5 sat/vB
• hourFee: 4 sat/vB
• economyFee: 4 sat/vB
• minimumFee: 3 sat/vB

[FeeBuddy]

     

• fastestFee: 3 sat/vB
• halfHourFee: 3 sat/vB
• hourFee: 3 sat/vB
• economyFee: 3 sat/vB
• minimumFee: 3 sat/vB

[FeeBuddy]

     

• fastestFee: 5 sat/vB
• halfHourFee: 4 sat/vB
• hourFee: 4 sat/vB
• economyFee: 4 sat/vB
• minimumFee: 2 sat/vB

[FeeBuddy]

     

• fastestFee: 4 sat/vB
• halfHourFee: 4 sat/vB
• hourFee: 4 sat/vB
• economyFee: 4 sat/vB
• minimumFee: 2 sat/vB

[FeeBuddy]

     

• fastestFee: 6 sat/vB
• halfHourFee: 5 sat/vB
• hourFee: 4 sat/vB
• economyFee: 4 sat/vB
• minimumFee: 2 sat/vB

[FeeBuddy]

     

• fastestFee: 4 sat/vB
• halfHourFee: 4 sat/vB
• hourFee: 4 sat/vB
• economyFee: 4 sat/vB
• minimumFee: 3 sat/vB

[FeeBuddy]

     

• fastestFee: 3 sat/vB
• halfHourFee: 3 sat/vB
• hourFee: 3 sat/vB
• economyFee: 3 sat/vB
• minimumFee: 3 sat/vB

[FeeBuddy]

     

• fastestFee: 3 sat/vB
• halfHourFee: 3 sat/vB
• hourFee: 3 sat/vB
• economyFee: 3 sat/vB
• minimumFee: 3 sat/vB

[FeeBuddy]

     

• fastestFee: 5 sat/vB
• halfHourFee: 4 sat/vB
• hourFee: 4 sat/vB
• economyFee: 4 sat/vB
• minimumFee: 2 sat/vB

[fillippone]

<…>

My guess it iwill, but the fee estimate will be barely moved.

In the end, the big spike will be unnoticed in the big scheme of things.
Sadly, those who had to transact in that short span of block, had to pay an unnecessary high fees.
But hey, it’s a free market after all.

[FeeBuddy]

     

• fastestFee: 3 sat/vB
• halfHourFee: 3 sat/vB
• hourFee: 3 sat/vB
• economyFee: 3 sat/vB
• minimumFee: 3 sat/vB

[FeeBuddy]

     

• fastestFee: 3 sat/vB
• halfHourFee: 3 sat/vB
• hourFee: 3 sat/vB
• economyFee: 3 sat/vB
• minimumFee: 2 sat/vB