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Next Block Minimum Feerate

Definition
The approximate value of the minimum feerate for the upcoming blockchain block.
Dictionary
Name
MetricID
Category
Sub-category
Type
Unit
Interval
Next Block Minimum feerate
mempool_next_block_approx_feerate_min
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 feerate of the lowest transaction that would still be included in that block template is then showcased.
Available Assets
Bitcoin (BTC)
Sample Query