Block Space Market

Block Space Market: Jupyter Notebook, Rendered HTML

typerbole @typerbole

New model: #Bitcoin 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.

typerbole @typerbole

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…

typerbole @typerbole

I made an animation showing the price of #Bitcoin 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. @pierre_rochard @nic__carter @danheld @hasufl 👇

typerbole @typerbole

Updates to the block space price distribution charts from yesterday: - changed the blue line from monetary velocity to transaction volume (h/t @hasufl for suggestion) to show context of block space demand - added a version of the chart with fees denominated in USD (h/t @danheld)