But the flurry in on-chain activity is showing signs of slowing down as congestion in the Bitcoin mempool – a database of unconfirmed transactions – has eased from nearly 500,000 unconfirmed transactions to roughly 250,000 at the time of reporting. That number generally stayed under 50,000 last year. Bitcoin is popular in El Salvador, a country known for being the first nation state to adopt the cryptocurrency as legal tender in 2021.
Source: https://www.coindesk.com/tech/2023/05/15/bitcoin-rewards-company-fold-expands-to-el-salvador-brushing-off-jump-in-on-chain-fees/?utm_medium=referral&utm_source=rss&utm_campaign=headlines