Right now mempool has 65 MB of transactions waiting for miners to be included in blocks. 90% of the transactions are below 10 sat/vbyte.
I am observing this trend from last few days and think it will settle once we have couple of days with less people looking to use higher fee rate for quick confirmations. It can take few days to weeks. Is there a better way for wallets to manage transactions and fees so that people realize that they are paying more than 10x fees. Its difficult to educate everyone about using different tools and websites, not easy to convince exchanges to use segwit, rbf, maybe even cpfp, batching, LN, Liquid etc. and I think we can manage mempool and fees in a better way if most of the wallets experiment with solutions to solve this problem.
How can we solve this problem?