• bitcoinBitcoin (BTC) $ 111,216.00
  • ethereumEthereum (ETH) $ 2,786.02
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.43
  • bnbBNB (BNB) $ 671.17
  • solanaSolana (SOL) $ 158.08
  • usd-coinUSDC (USDC) $ 0.999944
  • tronTRON (TRX) $ 0.291251
  • dogecoinDogecoin (DOGE) $ 0.181026
  • staked-etherLido Staked Ether (STETH) $ 2,784.34
  • cardanoCardano (ADA) $ 0.624404
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 111,119.00
  • hyperliquidHyperliquid (HYPE) $ 41.62
  • wrapped-stethWrapped stETH (WSTETH) $ 3,360.17
  • suiSui (SUI) $ 3.12
  • bitcoin-cashBitcoin Cash (BCH) $ 512.46
  • chainlinkChainlink (LINK) $ 14.36
  • stellarStellar (XLM) $ 0.292415
  • leo-tokenLEO Token (LEO) $ 8.99
  • avalanche-2Avalanche (AVAX) $ 19.54
  • wrapped-eethWrapped eETH (WEETH) $ 2,984.11
  • hedera-hashgraphHedera (HBAR) $ 0.174117
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • usdsUSDS (USDS) $ 0.999866
  • wethWETH (WETH) $ 2,786.82
  • the-open-networkToncoin (TON) $ 2.87
  • litecoinLitecoin (LTC) $ 91.17
  • whitebitWhiteBIT Coin (WBT) $ 46.69
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • moneroMonero (XMR) $ 328.25
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 111,231.00
  • polkadotPolkadot (DOT) $ 3.65
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • bitget-tokenBitget Token (BGB) $ 4.42
  • uniswapUniswap (UNI) $ 8.22
  • pepePepe (PEPE) $ 0.000011
  • aaveAave (AAVE) $ 300.17
  • daiDai (DAI) $ 1.00
  • pi-networkPi Network (PI) $ 0.470620
  • bittensorBittensor (TAO) $ 350.43
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • crypto-com-chainCronos (CRO) $ 0.095818
  • aptosAptos (APT) $ 4.61
  • okbOKB (OKB) $ 48.56
  • nearNEAR Protocol (NEAR) $ 2.35
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • jito-staked-solJito Staked SOL (JITOSOL) $ 191.94
  • internet-computerInternet Computer (ICP) $ 5.16
  • ethereum-classicEthereum Classic (ETC) $ 17.67
  • ondo-financeOndo (ONDO) $ 0.840902
  • susdssUSDS (SUSDS) $ 1.06
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • kaspaKaspa (KAS) $ 0.081882
  • mantleMantle (MNT) $ 0.599441
  • cosmosCosmos Hub (ATOM) $ 4.34
  • vechainVeChain (VET) $ 0.022446
  • fasttokenFasttoken (FTN) $ 4.45
  • gatechain-tokenGate (GT) $ 15.97
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.206870
  • ethenaEthena (ENA) $ 0.289271
  • official-trumpOfficial Trump (TRUMP) $ 9.20
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.702818
  • arbitrumArbitrum (ARB) $ 0.357862
  • skySky (SKY) $ 0.082733
  • render-tokenRender (RENDER) $ 3.39
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,786.35
  • algorandAlgorand (ALGO) $ 0.193383
  • filecoinFilecoin (FIL) $ 2.44
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 110,959.00
  • bonkBonk (BONK) $ 0.000021
  • worldcoin-wldWorldcoin (WLD) $ 0.915737
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.62
  • binance-staked-solBinance Staked SOL (BNSOL) $ 168.10
  • sei-networkSei (SEI) $ 0.266408
  • usdtbUSDtb (USDTB) $ 0.999960
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998983
  • kucoin-sharesKuCoin (KCS) $ 11.18
  • spx6900SPX6900 (SPX) $ 1.52
  • jupiter-exchange-solanaJupiter (JUP) $ 0.454659
  • usdt0USDT0 (USDT0) $ 0.999913
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,921.08
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,175.70
  • nexoNEXO (NEXO) $ 1.24
  • celestiaCelestia (TIA) $ 1.68
  • flare-networksFlare (FLR) $ 0.016427
  • fartcoinFartcoin (FARTCOIN) $ 1.13
  • xdce-crowd-saleXDC Network (XDC) $ 0.068091
  • injective-protocolInjective (INJ) $ 11.01
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • blockstackStacks (STX) $ 0.694839
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,976.53
  • tokenize-xchangeTokenize Xchange (TKX) $ 12.87
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,927.33
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.58
  • optimismOptimism (OP) $ 0.589200
  • sonic-3Sonic (S) $ 0.319662
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 110,983.00
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.016275
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999934
  • dogwifcoindogwifhat (WIF) $ 0.955883
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,924.86
  • pax-goldPAX Gold (PAXG) $ 3,321.53
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 111,056.00
  • paypal-usdPayPal USD (PYUSD) $ 0.999912
  • story-2Story (IP) $ 3.12
  • flokiFLOKI (FLOKI) $ 0.000092
  • the-graphThe Graph (GRT) $ 0.090404
  • kaiaKaia (KAIA) $ 0.151838
  • wbnbWrapped BNB (WBNB) $ 671.52
  • clbtcclBTC (CLBTC) $ 112,345.00
  • immutable-xImmutable (IMX) $ 0.456272
  • vaultaVaulta (A) $ 0.524408
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 177.32
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.38
  • tether-goldTether Gold (XAUT) $ 3,315.67
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,994.02
  • msolMarinade Staked SOL (MSOL) $ 206.43
  • curve-dao-tokenCurve DAO (CRV) $ 0.564232
  • theta-tokenTheta Network (THETA) $ 0.742900
  • lido-daoLido DAO (LDO) $ 0.792086
  • ousgOUSG (OUSG) $ 111.73
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.74
  • galaGALA (GALA) $ 0.015457
  • iotaIOTA (IOTA) $ 0.173589
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998485
  • ethereum-name-serviceEthereum Name Service (ENS) $ 20.28
  • zcashZcash (ZEC) $ 41.37
  • raydiumRaydium (RAY) $ 2.48
  • jito-governance-tokenJito (JTO) $ 1.91
  • the-sandboxThe Sandbox (SAND) $ 0.269159
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • jasmycoinJasmyCoin (JASMY) $ 0.013021
  • super-oethSuper OETH (SUPEROETH) $ 2,784.96
  • aerodrome-financeAerodrome Finance (AERO) $ 0.728334
  • bittorrentBitTorrent (BTT) $ 0.00000063
  • wrapped-hypeWrapped HYPE (WHYPE) $ 41.54
  • pendlePendle (PENDLE) $ 3.72
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,976.03
  • pyth-networkPyth Network (PYTH) $ 0.105641
  • saros-financeSaros (SAROS) $ 0.230624
  • tezosTezos (XTZ) $ 0.563036
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 110,815.00
  • usual-usdUsual USD (USD0) $ 0.997702
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,910.04
  • tbtctBTC (TBTC) $ 111,077.00
  • newton-projectAB (AB) $ 0.008614
  • walrus-2Walrus (WAL) $ 0.417397
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,786.13
  • memecoreMemeCore (M) $ 0.362811
  • syrupMaple Finance (SYRUP) $ 0.525412
  • flowFlow (FLOW) $ 0.352273
  • decentralandDecentraland (MANA) $ 0.287112
  • falcon-financeFalcon USD (USDF) $ 0.997021
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 111,129.00
  • coredaoorgCore (CORE) $ 0.512946
  • morphoMorpho (MORPHO) $ 1.60
  • bitcoin-svBitcoin SV (BSV) $ 25.49
  • apecoinApeCoin (APE) $ 0.632684
  • ripple-usdRipple USD (RLUSD) $ 0.999666
  • thorchainTHORChain (RUNE) $ 1.41
  • true-usdTrueUSD (TUSD) $ 0.999179
  • based-brettBrett (BRETT) $ 0.049668
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,786.87
  • mog-coinMog Coin (MOG) $ 0.000001
  • chain-2Onyxcoin (XCN) $ 0.014041
  • staked-hypeStaked HYPE (STHYPE) $ 41.53
  • venomVenom (VENOM) $ 0.225882
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999894
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.181058
  • usddUSDD (USDD) $ 1.00
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007629
  • heliumHelium (HNT) $ 2.40
  • dexeDeXe (DEXE) $ 7.74
  • starknetStarknet (STRK) $ 0.122180
  • apenftAPENFT (NFT) $ 0.00000044
  • beldexBeldex (BDX) $ 0.061320
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.004379
  • kavaKava (KAVA) $ 0.402836
  • stader-ethxStader ETHx (ETHX) $ 2,965.38
  • dydx-chaindYdX (DYDX) $ 0.568649
  • compound-governance-tokenCompound (COMP) $ 45.50
  • ether-fiEther.fi (ETHFI) $ 1.12
  • neoNEO (NEO) $ 5.89
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • elrond-erd-2MultiversX (EGLD) $ 14.30
  • usdbUSDB (USDB) $ 0.999917
  • conflux-tokenConflux (CFX) $ 0.078072
  • eigenlayerEigenCloud (prev. EigenLayer) (EIGEN) $ 1.26
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • ecasheCash (XEC) $ 0.000019
  • deepDeepBook (DEEP) $ 0.154271
  • movementMovement (MOVE) $ 0.147817
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,073.66
  • axie-infinityAxie Infinity (AXS) $ 2.29
  • aioz-networkAIOZ Network (AIOZ) $ 0.319076
  • eosEOS (EOS) $ 0.521727
  • build-onBUILDon (B) $ 0.373915
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 110,801.00
  • swethSwell Ethereum (SWETH) $ 3,049.52

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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