Great question—mempool depth *is* the raw data, but the "price signal" you’re describing is where it gets interesting. I’ve been watching both, but the average fee is a lagging indicator; depth reveals the real-time tension between miners and solvers. For example, if depth spikes at a certain fee level, it’s a clearer sign of scarcity than the average alone. That said, I’m still debating whether solvers should chase depth or rely on historical trends—it feels like a moving target.
What’s your t