Bitcoin Surpasses One Billion Transactions After 800 Weeks
800 weeks and one day following its inception on January 3, 2009, Bitcoin has achieved a significant milestone by surpassing one billion processed transactions.
This achievement arrives amidst a period of heightened activity for the cryptocurrency, driven by the introduction of innovative protocols such as Bitcoin Ordinals and Runes, along with the launch of spot Bitcoin ETFs, which have bolstered bullish sentiment.
While Bitcoin’s one billion transaction mark trails behind Ethereum’s nearly 2.4 billion transactions, its journey to this milestone has been characterized by a slower pace, averaging six transactions per second over the last 30 days according to Clark Moody’s Bitcoin dashboard.
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This milestone coincides with the recent halving event, signaling a significant moment in Bitcoin’s evolution.
Although daily transaction fees have stabilized post-halving, the seven-day moving average of transactions remains notably high compared to historical levels, underscoring Bitcoin’s ongoing growth trajectory towards the two billion transaction mark.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
