• bitcoinBitcoin (BTC) $ 108,751.00
  • ethereumEthereum (ETH) $ 2,547.58
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.27
  • bnbBNB (BNB) $ 662.18
  • solanaSolana (SOL) $ 151.64
  • usd-coinUSDC (USDC) $ 0.999901
  • tronTRON (TRX) $ 0.285648
  • dogecoinDogecoin (DOGE) $ 0.170600
  • staked-etherLido Staked Ether (STETH) $ 2,546.25
  • cardanoCardano (ADA) $ 0.584638
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 108,625.00
  • hyperliquidHyperliquid (HYPE) $ 39.51
  • wrapped-stethWrapped stETH (WSTETH) $ 3,072.81
  • suiSui (SUI) $ 2.90
  • bitcoin-cashBitcoin Cash (BCH) $ 496.92
  • chainlinkChainlink (LINK) $ 13.44
  • leo-tokenLEO Token (LEO) $ 9.02
  • avalanche-2Avalanche (AVAX) $ 18.22
  • stellarStellar (XLM) $ 0.246149
  • usdsUSDS (USDS) $ 0.999902
  • the-open-networkToncoin (TON) $ 2.92
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • wrapped-eethWrapped eETH (WEETH) $ 2,727.92
  • hedera-hashgraphHedera (HBAR) $ 0.159799
  • wethWETH (WETH) $ 2,546.96
  • litecoinLitecoin (LTC) $ 87.58
  • whitebitWhiteBIT Coin (WBT) $ 44.92
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • moneroMonero (XMR) $ 318.10
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 108,683.00
  • ethena-usdeEthena USDe (USDE) $ 0.999831
  • bitget-tokenBitget Token (BGB) $ 4.42
  • polkadotPolkadot (DOT) $ 3.37
  • uniswapUniswap (UNI) $ 7.43
  • aaveAave (AAVE) $ 278.30
  • pepePepe (PEPE) $ 0.000010
  • daiDai (DAI) $ 0.999938
  • pi-networkPi Network (PI) $ 0.476100
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • bittensorBittensor (TAO) $ 327.56
  • okbOKB (OKB) $ 48.87
  • aptosAptos (APT) $ 4.47
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • jito-staked-solJito Staked SOL (JITOSOL) $ 184.13
  • nearNEAR Protocol (NEAR) $ 2.19
  • internet-computerInternet Computer (ICP) $ 4.84
  • ethereum-classicEthereum Classic (ETC) $ 16.66
  • crypto-com-chainCronos (CRO) $ 0.081318
  • ondo-financeOndo (ONDO) $ 0.799158
  • susdssUSDS (SUSDS) $ 1.06
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • kaspaKaspa (KAS) $ 0.077610
  • mantleMantle (MNT) $ 0.573545
  • fasttokenFasttoken (FTN) $ 4.43
  • cosmosCosmos Hub (ATOM) $ 4.07
  • gatechain-tokenGate (GT) $ 15.41
  • vechainVeChain (VET) $ 0.020827
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.682701
  • official-trumpOfficial Trump (TRUMP) $ 8.66
  • bonkBonk (BONK) $ 0.000022
  • render-tokenRender (RENDER) $ 3.23
  • skySky (SKY) $ 0.078070
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.184298
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 108,450.00
  • ethenaEthena (ENA) $ 0.260752
  • arbitrumArbitrum (ARB) $ 0.333525
  • filecoinFilecoin (FIL) $ 2.29
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,547.21
  • algorandAlgorand (ALGO) $ 0.176901
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.50
  • worldcoin-wldWorldcoin (WLD) $ 0.891853
  • sei-networkSei (SEI) $ 0.265577
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997862
  • usdtbUSDtb (USDTB) $ 0.999746
  • tokenize-xchangeTokenize Xchange (TKX) $ 18.05
  • binance-staked-solBinance Staked SOL (BNSOL) $ 160.71
  • kucoin-sharesKuCoin (KCS) $ 11.04
  • usdt0USDT0 (USDT0) $ 0.999612
  • jupiter-exchange-solanaJupiter (JUP) $ 0.450268
  • nexoNEXO (NEXO) $ 1.23
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,669.47
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,901.57
  • fartcoinFartcoin (FARTCOIN) $ 1.19
  • spx6900SPX6900 (SPX) $ 1.27
  • flare-networksFlare (FLR) $ 0.016545
  • celestiaCelestia (TIA) $ 1.54
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • injective-protocolInjective (INJ) $ 10.68
  • xdce-crowd-saleXDC Network (XDC) $ 0.063425
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.56
  • blockstackStacks (STX) $ 0.660505
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.016001
  • sonic-3Sonic (S) $ 0.311675
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999873
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,722.13
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,674.79
  • optimismOptimism (OP) $ 0.542986
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • pax-goldPAX Gold (PAXG) $ 3,345.54
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 108,811.00
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 108,813.00
  • kaiaKaia (KAIA) $ 0.152112
  • dogwifcoindogwifhat (WIF) $ 0.883427
  • wbnbWrapped BNB (WBNB) $ 662.34
  • story-2Story (IP) $ 3.04
  • paypal-usdPayPal USD (PYUSD) $ 0.999452
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,680.70
  • clbtcclBTC (CLBTC) $ 109,424.00
  • the-graphThe Graph (GRT) $ 0.084956
  • tether-goldTether Gold (XAUT) $ 3,335.42
  • flokiFLOKI (FLOKI) $ 0.000084
  • immutable-xImmutable (IMX) $ 0.422668
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.27
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 170.15
  • vaultaVaulta (A) $ 0.483737
  • msolMarinade Staked SOL (MSOL) $ 198.02
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,751.40
  • ousgOUSG (OUSG) $ 111.69
  • theta-tokenTheta Network (THETA) $ 0.702694
  • curve-dao-tokenCurve DAO (CRV) $ 0.503213
  • jito-governance-tokenJito (JTO) $ 1.99
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.73
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.997725
  • lido-daoLido DAO (LDO) $ 0.737807
  • galaGALA (GALA) $ 0.014230
  • zcashZcash (ZEC) $ 39.36
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • ethereum-name-serviceEthereum Name Service (ENS) $ 18.71
  • wrapped-hypeWrapped HYPE (WHYPE) $ 39.51
  • iotaIOTA (IOTA) $ 0.158765
  • the-sandboxThe Sandbox (SAND) $ 0.245750
  • aerodrome-financeAerodrome Finance (AERO) $ 0.706030
  • bittorrentBitTorrent (BTT) $ 0.00000061
  • jasmycoinJasmyCoin (JASMY) $ 0.012296
  • saros-financeSaros (SAROS) $ 0.226767
  • syrupMaple Finance (SYRUP) $ 0.553749
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 108,328.00
  • usual-usdUsual USD (USD0) $ 0.998128
  • raydiumRaydium (RAY) $ 2.19
  • tbtctBTC (TBTC) $ 108,745.00
  • walrus-2Walrus (WAL) $ 0.414185
  • super-oethSuper OETH (SUPEROETH) $ 2,547.21
  • pyth-networkPyth Network (PYTH) $ 0.099185
  • pendlePendle (PENDLE) $ 3.40
  • tezosTezos (XTZ) $ 0.529556
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,546.87
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,720.78
  • falcon-financeFalcon USD (USDF) $ 0.999985
  • newton-projectAB (AB) $ 0.008108
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,673.79
  • flowFlow (FLOW) $ 0.327163
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 108,700.00
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,546.91
  • decentralandDecentraland (MANA) $ 0.265412
  • coredaoorgCore (CORE) $ 0.502640
  • true-usdTrueUSD (TUSD) $ 0.997497
  • staked-hypeStaked HYPE (STHYPE) $ 39.50
  • apecoinApeCoin (APE) $ 0.611884
  • venomVenom (VENOM) $ 0.232418
  • bitcoin-svBitcoin SV (BSV) $ 24.42
  • ripple-usdRipple USD (RLUSD) $ 0.999915
  • chain-2Onyxcoin (XCN) $ 0.013988
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999900
  • thorchainTHORChain (RUNE) $ 1.34
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.004638
  • based-brettBrett (BRETT) $ 0.044239
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.170456
  • morphoMorpho (MORPHO) $ 1.40
  • apenftAPENFT (NFT) $ 0.00000044
  • dexeDeXe (DEXE) $ 7.57
  • beldexBeldex (BDX) $ 0.060431
  • kavaKava (KAVA) $ 0.395218
  • usddUSDD (USDD) $ 0.999832
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007178
  • heliumHelium (HNT) $ 2.24
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • starknetStarknet (STRK) $ 0.113326
  • usdbUSDB (USDB) $ 0.998901
  • movementMovement (MOVE) $ 0.155154
  • mog-coinMog Coin (MOG) $ 0.000001
  • dydx-chaindYdX (DYDX) $ 0.525933
  • stader-ethxStader ETHx (ETHX) $ 2,710.31
  • compound-governance-tokenCompound (COMP) $ 41.33
  • neoNEO (NEO) $ 5.44
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • elrond-erd-2MultiversX (EGLD) $ 13.37
  • conflux-tokenConflux (CFX) $ 0.074318
  • kaitoKAITO (KAITO) $ 1.55
  • ecasheCash (XEC) $ 0.000019
  • aioz-networkAIOZ Network (AIOZ) $ 0.312662
  • build-onBUILDon (B) $ 0.373015
  • deepDeepBook (DEEP) $ 0.146327
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,543.93
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 108,509.00
  • eigenlayerEigenCloud (prev. EigenLayer) (EIGEN) $ 1.16
  • axie-infinityAxie Infinity (AXS) $ 2.18
  • telcoinTelcoin (TEL) $ 0.003904
  • ether-fiEther.fi (ETHFI) $ 0.947849
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999897

Bitcoin’s ‘Mempool’ Nearly Empty as Prices Trade Near Lifetime Highs

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Bitcoin's 'Mempool' Nearly Empty as Prices Trade Near Lifetime Highs

The Bitcoin blockchain lacks meaningful on-chain activity, even as its native token, bitcoin

BTC$108,911.15, trades near a record per-unit price. That’s according to mempool – a holding area for unconfirmed blockchain transactions waiting to be included in a block by miners.

On Satuday, the mempool had just 5,000 odd transactions awaiting inclusion, with the tally rising to 15,000 at press time, still a far cry from 150,000 when BTC’s price first rose above $100,000 in late 2024, according to data source Blockchain.com.

Bitcoin's 'Mempool' Nearly Empty as Prices Trade Near Lifetime Highs

Since March this year, the tally has oscillated between $3,000 and $30,000, indicating anaemic demand for the network despite BTC establishing a foothold above $100,000.

“Bitcoin’s mempool (queue of transactions waiting to be processed) is almost completely empty. The percentage of miner revenue coming from fees (instead of inflation) is down to a fraction of a percent,” Joël Valenzuela, director of marketing and business development, said on X.

“Simply put, almost all of Bitcoin’s actual users have gone away. At all-time price highs, too!” Valenzuela added, calling the situation a major crisis where the network goes bankrupt or becomes “completely custodial asset run by governments and institutions.”

Bitcoin's 'Mempool' Nearly Empty as Prices Trade Near Lifetime Highs

BTC’s mempool. (Blockchain.com)

According to Joao Wedson, CEO and founder of crypto data analysis platform Alphractal, the idle mempool is a sign of missing retail participation in the market.

“When Mempool transactions begin to rise again, it’s a clear sign that retail is back — because the growing backlog reflects increased demand for using the network,” Wedson said.

Source

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