CryptoQuant: Less than 0.01 BTC transactions rose to 80%, a record high in recent years

In comparison, Julio Moreno, head of research at CryptoQuant, said that transactions below 0.01 BTC currently account for about 80% of the total daily transaction volume of the Bitcoin network, which is significantly higher than about 44% in 2023.

Moreno notes that this growth is mainly driven by OP_RETURN-based on-chain data protocols such as Runes, Ordinals, BRC-20, and data timestamping services. These agreements generate a large number of small transactions, some as low as 546 satoshi (around $0.35), driving the continued increase in the number of low-value transfers.

Furthermore, the Bitcoin network activity index has continued to rise since January of this year and has now reached its highest level since the end of 2024. (The Block)