CISA and Privacy

Oct 19 - Oct 19, 2025

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The analysis of recent adjustments in JoinMarket's transaction fees, specifically the tenfold reduction in minimum relay transaction fees (minrelaytxfee), has yielded unexpected results regarding coinjoin volume. Despite the significant decrease in fees, there hasn't been a noticeable uptick in the volume of transactions processed through JoinMarket's coinjoin mechanism. This observation is supported by data visualization, which clearly depicts the volume trends before and after the fee reduction.

This outcome prompts a deeper examination of factors influencing user participation in coinjoin transactions within the JoinMarket ecosystem. It suggests that the decision-making process for users might not be as sensitive to transaction fee reductions as previously assumed. Alternatively, it could indicate that other barriers or preferences are at play, which deter an increase in transaction volume, even when the cost to participate is lowered.

Further research and analysis are necessary to understand the dynamics affecting JoinMarket's coinjoin volume. Identifying these factors is crucial for developing strategies aimed at enhancing privacy features and encouraging greater usage of coinjoin transactions. This situation underscores the complexity of predicting user behavior in cryptocurrency networks and the need for ongoing monitoring and adaptation of economic incentives.

Given the nuanced nature of this issue, stakeholders and participants in the cryptocurrency community are encouraged to contribute their insights and observations. Collaborative efforts could lead to a more comprehensive understanding of the interplay between transaction fees, user behavior, and overall network health in decentralized finance platforms like JoinMarket.


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