Relieved? Bitcoin fees return to near normal after ordinals mayhem.
According to data from monitoring resource, even on May 10, the average fee had fallen below $15 — a drop of over 50% versus the day prior.
Reacting, Checkmate, lead on-chain analyst at Glassnode, took to task those who had called for code-changing measures to prevent fees from rising so heavily in future., fees had surged as a result of ordinals inscriptions greatly increasing on-chain activity and demand for block space. “24hrs later, the average fees paid per block has returned to ~1.0 $BTC per block. Imagine arguing to change Bitcoin rules for a short-term fee spike due to people using the chain in ways you don't agree with,” he
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