Bitcoin Microtransactions Now Make Up 80% of Daily Transactions, Up From 44% in 2023

BTC-1.96%
ORDI-4.18%
According to CryptoQuant, Bitcoin transactions below 0.01 BTC (currently worth about $630) now make up approximately 80% of all daily transactions, up from about 44% in 2023. The surge is driven primarily by growing use of the OP_RETURN opcode, which enables data to be written to the Bitcoin blockchain. Usage has climbed to near-record levels this year, fueled mainly by Runes, Ordinals, BRC-20 activity, and data timestamping services, each generating large volumes of very small transactions, some as low as 546 satoshis.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments