CryptoQuant: The proportion of small Bitcoin transactions rises to 80%, network activity approaches historical highs

robot
Abstract generation in progress
CryptoQuant Research Director Julio Moreno stated that small Bitcoin transactions with amounts less than 0.01 BTC now account for about 80% of daily transaction volume, up from approximately 44% in 2023.
This growth is mainly driven by on-chain data protocols based on OP_RETURN, such as Runes, Ordinals, BRC-20, and data timestamp services, which generate a large number of low-value transactions.
As a result, Bitcoin network activity continues to heat up, with daily transaction volume exceeding 800k transactions, and the network activity index reaching its highest level since the end of 2024, only about 7% below the all-time high.
Meanwhile, the number of unconfirmed transactions in the Bitcoin mempool has risen to approximately 128k, the highest level since February 2025.
(The Block)
BTC-2.29%
ORDI-3.22%
View Original
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
  • 2
  • 2
  • Share
Comment
Add a comment
Add a comment
CollateralCora
· 3h ago
OP_RETURN this wave indeed boosted small transactions, 80% share is a bit exaggerated, but maximizing on-chain activity is good for the ecosystem
View OriginalReply0
GateUser-5f4bad9c
· 3h ago
Only 44% in 2023? This growth rate indicates that Bitcoin is being used in more and more scenarios, not just for hoarding.
View OriginalReply0
  • Pinned