The increase in mempool looks Disappointing but I think it won't last long and may return to normal soon.
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But of course, it won't get higher than that once the last minute rush of projects and individuals getting in their transactions into the Blockchain so they can list on the same day as halving ceases, everything will get back to normal. Two days ago,  I carried out a transaction when fee was 122Sats but I chose 12sats for it. It's still pending but I'm not worried about that. This noon, fee has gone up to 1209sats.

I know it's the several memes lining up on the Bitcoin chain that's causing this much traffic which has forced fees to skyrocket. While I don't like the sporadic hike in transaction fees occasioned by this recent development, I like the dynamism of devs in creating and minting tokens (shit tokens, may be) on the Bitcoin chain. It gives the whole crypto space a fresh feeling. Let's see where this takes the industry to. I'm excited not just because of the halving that happened a few hours ago but because of this new development of tokens getting deployed on Bitcoin chain.

My question is what makes people excited about the halving where they even can afford to pay a huge amount of fee for just sending less than 1BTC? If this is just what's seen in the market, I think it is better not to have halving anymore. In fact, we were surprised when the fee reached $10, $50, but the current fee is more than surprising, it is disappointing.

I'm not sure what people are doing especially those who send their BTC at the current fee because they are not doing right IMO.
I'm not going to expect this be going to calm down fast but I hope it will.

A lot of stupid people will get wrecked buying worthless NFTs and memecoins with the latest crypto scam known as Runes.

There should be some kind of Darwin award for these idiots.

Disappointedly, my friend was complaining to me this afternoon about how he couldn't move out $10 worth of Bitcoin from his old wallet today; instead, hewas seeing an error message saying, "please consider decreasing sending amount or topping up balance". This is probably was caused by these high transaction fee issue.

There was some news that pop out on my notification yesterday. Although I didn't give much attention to that article, I only remember it was talking about the many non-fungible tokens that are based on the Bitcoin protocol, which some investors have been trying to withdraw. Most of the time, the fee hike is being manipulated or caused by the ordinals; either way, this might happen most of the time and will still become normal after some days or months. I remember one reputable member here once said that we should expect this to happen more often in the future.

Well, looks like the "golden block" was mined by ViaBTC.  Wouldn't surprise me if some folks used their free transaction accelerator service to get to the front of the line and  guess thats why a cheap 100 sat/byte tx got in quick while others with higher fees still waiting.  Makes sense ViaBTC give special treatment to transactions from their own transaction accelerator.  If only the other pools offered something similar for low byte transactions.

Of course, obviously it's all temporary. You see fees are even changing from every single second, until it will eventually get back to its regular price. Now talking about when will bitcoin price starts surging high, I'm actually not sure about it but if you have experienced the past halvings, bitcoin price will not immediately rise up high. It may still take months or even a year before we will witness bitcoin price finally in skyrocket again. So being patient should be more encouraged from now on.

The fee will remains high for some days as Rune protocol NFT trend has been started with BTC halving where NFT minter paying high fee than normal to mint nft quickly. This is not good for people who just use btc for normal transaction. Now we have to pay 80$ per transaction which will produce some question about btc advantages. I hope everything will be normal in week as yesterday the Gas fee was above 600 but now come down to 200 but if any big support comes out for Runes than the situation will become difficult and we might see high fee for long time

So miners took a 50% pay cut and we're expecting them to not want to raise transaction fees? I think transaction fees have to go up to offset their pay cut.

that's the whole plan. miners are taking a 50% pay cut. where do you think they are supposed to make up the missing revenue from? fees of course. from your transactions.

that's not really how bitcoin works. the fee is not a percentage of the amount sent. it has more to do with how many utxos you're using. and of course, what miners are willing to accept to include your transaction into a block. but i don't think they want to do it unless you're paying them alot. paying $100 to send $1000 who would do that? not me.

The fees are quite volatile and it's swinging in the range of 300sat - 600 sat/vb since yesterday. I think the payments via BTC has to be stopped until things become normal or pay whatever fee, I will choose the former anyday.

I wonder who are these people because they are ready to get the piece of useless things at whatever cost, they have some kind of money growing plants to waste money on these things?

Some of the memes on RUNE became trash but some became valuable and as far as I know one of them was quite successful, it was the Satoshi token and it was listed on Gate. Similar to the BRC-20 wave, many tokens will become worthless but there are also tokens with a market capitalization of over billions of dollars such as ORDI or Sats and they are being traded on leading exchanges Binance. In terms of practical application, they are really as useless as other altcoins but they can be used as a money game, and those who take advantage of it will make decent profits.