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Bull market is back, transaction volume is up, mempool queue is up. We've seen this before, and if nothing changes we're looking at $40+ fees again.

Bull market is back, transaction volume is up, mempool queue is up. We've seen this before, and if nothing changes we're looking at $40+ fees again.

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So what's the answer?

Segwit adoption is still at ~40% and has been stagnant for months[1]

Lightning network is still not mainstream, with just around 1000 BTC in total capacity and the average channel having just 0.0080 BTC[2]

Increasing block size at this point seems impossible just because it's been rejected for so long - why would it change now if not when there were $40 fees?

So... what else is there? Is something being worked on that I don't know about?

[1] https://transactionfee.info/charts/payments/segwit
[2] https://bitcoinvisuals.com/lightning

submitted by /u/shawabawa
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