Bitcoin Transaction Counts Plunge to 18-Month Lows - Unchained

robot
Abstract generation in progress

Bitcoin’s transaction activity has recently reached its lowest level in over a year and a half, with the seven-day moving average falling under 316,000 transactions, before slightly recovering to around 350,000, as per data from The Block.


This story is an excerpt from the Unchained Daily newsletter.

Subscribe here to get these updates in your email for free


This marks a significant drop from the peak of over 700,000 daily transactions seen during the height of Bitcoin-based protocol adoption in mid-2024.

The decline is attributed to fading hype around Bitcoin-native protocols like Runes and Ordinals, which previously drove substantial transaction volume by enabling token-like functionality and NFT-style inscriptions on the Bitcoin blockchain.

Transaction fees have also remained consistently low, below $1.50 since the start of the year, reflecting reduced competition for block space.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)