It does make you think a bit differently about some of the principal assumptions around scaling. Not this event, but the mempool in general -- that all the L2 stuff is building in anticipation of reactions to high demand; but that we do not currently have high demand, at least, not the way we normally think of the word.
But then the really interesting thing is: one of the reasons I expect demand is low, is that people have come to understand (through historical experience) the consequences of high demand. So the use cases that could have caused it became stillborn.
Such a mindfuck to entertain all these causes and effects.
It means that every Bitcoin transaction that was waiting to be confirmed and added to the blockchain/timechain has been added.
Now, it’s really cheap to send on-chain transactions because the supply of block space is high and the demand for using that limited block space is low.
This post might be more relevant and engaging in the ~mempool or ~bitcoin_Mining territory.