Transactions and fees on the Bitcoin network are declining as the halving date draws near.

Transactions and fees on the Bitcoin network are declining as the halving date draws near.

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Transactions and fees on the Bitcoin network are declining as the halving date draws near.

Since January 28, 2024, the number of daily transactions on the Bitcoin network has significantly decreased, peaking at over 600,000 and now hovering around 300,000 per day. This decline coincides with a reduction in the number of Ordinal inscriptions created each day, which eases congestion and lowers onchain costs overall. Bitcoin Network Activity Slows as … Read more