Block Space Market
New model: block space price ($USD/vByte) as a function of $USD denominated on-chain transaction volume. There is a nice positive relationship showing that block space price increases when demand for on-chain transactions increases. This is encouraging.
New tutorial up in the stack stats repo: recreate my recent model and other work on the blockspace market. All data and code provided. I hope more people start sharing open source model code & input data in this space. Don't trust, verify. github.com/ty-perbole/sta…
I made an animation showing the price of block-space (Sats/vByte) over time to show how the fee market is evolving. Thread below with some fun facts about fees and more charts. 👇