statistics from Mempool.space show that there are approximately 54,000 unconfirmed Bitcoin transactions. After the network fee hike in February, Bitcoin wait times and fees have increased in March.

Due to demand from Ordinal Inscription transactions, fees increased 122% in a matter of 10 days. Since February 8, 2023, the average and median transfer fees have increased. This is despite BTC being significantly more expensive and the ordinal inscription trend remaining in full swing.

Data from bitinfocharts.com shows that the average BTC transaction cost was 0.000084 BTC, or $2.40 per transfer on Friday afternoon (ET). The average fee for a transfer was $1.704, which is 41.17% less than the current average Bitcoin fee.

BTC‘s median sized fee increased 42.02%, from $0.69 to $0.98 each transaction in the same period. On March 24, average fees jumped to $4.24 per transaction, and median-sized fees reached $1.37 per transaction that day.

There are currently more than 6662,000 Bitcoin-based Ordinal Inscriptions. Some of the fee increases can be attributed to this inscription trend. For Ordinal Inscriptions, 150.2457 BTC has been collected.

Although BTC fees are higher than the average and median-sized fees on the Ethereum ( Ethereum) network, they remain lower than the average or median-sized fees. The average ETH fee is $5.43 per transfer. The median-sized ether fee is 0.0014 Ethereum, or $2.54 per transact.

The average and median Bitcoin transaction fees are $0.98 to $2.40, but some fee payments at 6 Satoshis per Byte or $0.24 each transaction have made it past the transaction queue.

Block intervals were quicker than the ten minute average before the last difficulty change. They averaged nine minutes 33 seconds over the last 2,016 blocks. However, they currently range between nine minutes 50 seconds and ten minutes 21 seconds.