Bitcoin Mempool Emptiness Sparks Network Security Concerns

Bitcoin mempool activity has hit an all-time low, miners’ fee revenue has declined, and some in the crypto community are sounding alarms about the world’s most valuable blockchain’s long-term sustainability.

According to data from Blockchain.com, just a few thousand unconfirmed transactions remain in Bitcoin’s mempool as of press time, down from hundreds of thousands during peak periods like the post-halving Rune mint frenzy. Fee revenue now accounts for less than 0.5% of miner income, far below levels seen in previous bull markets.

“Simply put, almost all of Bitcoin's actual users have gone away. At all-time price highs, too,” wrote Joel Valenzuela, Business Development lead at Dash, in an X post. “We're facing a major crisis. Either the Bitcoin network goes bankrupt, undergoes major changes, or the asset becomes a completely custodial asset run by governments and institutions.”

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