Bitcoin’s mempool is almost idle: ~5 k txs today vs >200 k at last year’s peak. Fees now supply <0.5 % of miner revenue. At record prices, on-chain traffic is near cycle lows. Has BTC shifted from “payments network” to a digital savings vault and what funds miners post-halving if activity stays this quiet?
bitcoins-mempool-is-almost-idle-5-k-txs-today-vs-200-k-at-last-years-peak-fees-now-supply-0-5-of-miner-revenue-at-record-prices-on-chain-traffic-is-near-cycle-lows-has

Bitcoin’s mempool is almost idle:
~5 k txs today vs >200 k at last year’s peak. Fees now supply <0.5 % of miner revenue.

At record prices, on-chain traffic is near cycle lows. Has BTC shifted from “payments network” to a digital savings vault and what funds miners post-halving if activity stays this quiet?