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Next Block Median Feerate
Definition
The approximate value of the median feerate for the upcoming blockchain block.
Dictionary
Name | MetricID | Category | Sub-category | Type | Unit | Interval |
Next Block Median feerate | mempool_next_block_approx_feerate_median | KRI | Mempool | Sum | sats/vbyte | 1m |
Methodology
The calculation begins by ranking mempool transactions based on how much fees they are paying. A block template is then applied to these transactions with the goal of identifying which transactions rational miners would pick if they were to build a block at that minute The median feerate of the transactions in that block template is then showcased.
Available Assets
Bitcoin (BTC)
Sample Query
Last modified 9mo ago