Small transactions account for 80%, indicating that on-chain activity is genuinely increasing, not just fake prosperity caused by large holders moving assets back and forth.

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CoinNetwork
According to Decrypt, CryptoQuant data shows that Bitcoin network activity has risen to its highest level since 2024, only 7% below the historical peak in September 2024. The share of transactions under 0.01 BTC and under 0.001 BTC has increased from 44% in 2023 to about 80%. CryptoQuant attributes this to protocol-driven activity—high transaction volume but low value per transaction.
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