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In just under two weeks, the number of unconfirmed transactions on the Bitcoin network has skyrocketed from 134,000 to over 390,000, causing a bottleneck in the mempool. This surge in unconfirmed transactions has resulted in a staggering 343% increase in transaction fees, which have risen from $1.99 per transaction on
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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 usual ten-minute mark. Bitcoin Transactions Backlogged as Mempool Reaches Higher Levels On the morning of Wednesday, Cryptox.trade News
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Ethereum layer-2 scaling solution Optimism has been overwhelmed with “all-time high demand” following the launch of its highly anticipated airdrop on Wednesday. Users racing to collect their tokens were greeted with failed or delayed transactions as the Optimism team raced in the background to add additional capacity to the network. As
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Runway Fund — an emergency relief fund assembled by the co-founders of OnChain Capital to help startups impacted by the COVID-19 pandemic — has been “overwhelmed” by the number of applications.CryptoX spoke to Ran Neuner, host of CNBC Africa’s Crypto Trader and co-founder of both OnChain Capital and Runway
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Binance chief Changpeng Zhao referred to it as “Bloodbath day,” and many in the cryptosphere will echo those sentiments, as fallout from
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