It’s a weekend. Half of the planet is sleeping. Many are on custodial wallets of exchanges. And most of it is in cold storage. Batching and L2s are working. For now.
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Or* exchanges
Well... I don't know. Even with all the parameters you take into account, which are real and logical, I still feel like it is impossible to have only one transaction to process.
But actually @Nostraterrestrial gave me what I would think it's the most plausible explanation. ☺️