I'm pretty sure a lot of Ordinals exchanges do not have a robust software tooling, so they're either using a hardcoded fee or they are just using a fee that the operator has to put in.
I don't see automated software constantly overpaying 5x, 10x on fees unless its a bug. It's more like people who are (extremely) impatient.
Yeah, lol, no, they will!
Binance has been constantly overpaying 4x and 5x for withdrawals for years, at the same time they pay only a fraction for their own consolidation and then if indeed of liquidity they raise the fees to 4x what's needed (the same as their withdrawals rates).
Don't underestimate stupid deigns nor how long they can go around unfixed despite their owners losing thousands of $.
Why spend 1.25 ETH when you can just screenshot it
. Anyway, i agree people would create their Bitcoin TX with better mempool condition. Surely some of us plan to consolidate UTXO.
And why spend 1.25 ETH when you can just have a brand new collection of dogecoinbuttcatdicksfish for a few cents!
If you think what was happening on BTC was nuts, wait and see what the
wow much such ordinals community is capable of tossing on chain!
Well, at least fees are going down on our side, btw, does feebudy have some autodestruct code that gets triggered when fees hit 1 sat/vb?
