CryptoQuant pointed out the dominance of microtransactions in Bitcoin activity - ForkLog

# CryptoQuant pointed out the dominance of microtransactions in Bitcoin activity

The surge in microtransactions has become the main driver of increased network activity in Bitcoin. The share of transfers less than 0.01 BTC has risen to approximately 80% of daily transactions, CryptoQuant reported

Source: CryptoQuant. In comparison, in 2023, the indicator was about 44%.

"The total number of transactions per day and per quarter has approached historical highs. However, the economic value of these operations is disproportionately small," analysts noted.

The use of OP_RETURN code has increased to record levels. Researchers linked this trend to the popularity of Bitcoin-based interchangeable tokens, Ordinals inscriptions, and data recording services

The increase in microtransactions and OP_RETURN has led to the mempool of the first cryptocurrency reaching its highest level since late February 2025 — 128,000. Meanwhile, congestion is concentrated in groups with low fees

"Sustainable growth in non-financial activity on the blockchain could intensify competition for block space and raise fees for economic transactions," CryptoQuant added.

Recall that in April, Ethereum recorded a record divergence between the market price of the asset and the network's fundamental indicators.