next-block-median-feerate.md

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

{% embed url="https://api.coinmetrics.io/v4/timeseries/asset-metrics?api_key=%3Cyour_key%3E&assets=btc&frequency=1m&limit_per_asset=1&metrics=mempool_next_block_approx_feerate_median&pretty=true" %}