Not only is the bitcoin price breaking records but the network transaction queue (mempool) has also hit an all-time high on May 5. Around 6 pm EST, the network had about 155,000 unconfirmed transactions with over 85 BTC worth of fees waiting to be settled.
Related: Bitcoin Transaction Fees Are Up More Than 1200% in Past Two Years
Bitcoin Network Reaches a Record 150,000 Unconfirmed Transactions
The last time the Bitcoin network’s mempool filled up and broke records was on February 22 with over 100,000 unconfirmed transactions. The record was surpassed on Friday, May 5 as the transaction backlog amassed over 150,000 transactions waiting to be confirmed according to Blockchain.info, Statoshi.info, and Tradeblock statistics.
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