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Rabbit Hole Recap #256: The Bank Runs Continue

Rabbit Hole Recap

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Bitcoin's Mempool

Every node has its own mempool, which you can think of as a wait list of transactions to enter the Bitcoin ledger. That cap by default is 300 megs and right now there's about 800 megs of transactions waiting. So that's over 2x a standard mempool. The size of their mempool has been over a gigabyte for weeks now. Now it's currently under again, sitting in around 885 megabytes. Yes, but we do have some mempool clearing going on. We're currently at 257,304 transactions in mempool.space's mempool.

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