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28 sats \ 0 replies \ @nullcount 9 Aug \ on: Why are fees so low? bitcoin
Most mining pools are accepting below 1 sat/vb fees. A few months ago, those txns would not be relayed by nodes or included in miner blocks.
Most trading volume of BTC is using paper instruments like ETFs, stocks, or custodial accounts. A few years ago, these didn't exist or were less popular compared to making a peer-to-peer txn.
Lightning network is more mature. Its common now for a single channel to process tens of thousands of payments in its lifetime. LN didn't exist a decade ago, but now it is the preferred way to add payments using BTC.