Pierre Rochard, Vice President of Cryptocurrency Mining Company Riot Platforms сообщил , that in 2024, the Bitcoin blockchain processed more than $19 trillion in transactions.
Compared to 2023, the value of BTC sent has increased by 121%. This has broken the negative trend associated with a decrease in the volume of transfers, which was observed between 2022 and 2023. According to Roshar, these statistics indicate that Bitcoin is not only a tool for saving capital, but also a means of exchange.
Change in the amount of transactions in the Bitcoin network
However, the progress of the Bitcoin blockchain should be assessed with a grain of salt, because the number of transferred coins, if it has increased compared to 2023, has increased only slightly. The fact is that in 2023, BTC cost no more than $44,000, and last year its price increased to $108,364. Accordingly, the amount of transactions made has increased significantly due to the growth in the value of the cryptocurrency.
It is obvious that the increase in the amount of transfers in dollar equivalent has led to an increase in the income of mining enterprises. Judging by the increase in the computing power of the network, reached On January 3, 2025, the historical maximum at 1000 exahash per second, digital asset mining enterprises spent part of the revenue on purchasing new equipment. However, this did not play into the hands of blockchain users, because the average fee for confirming transfers remained high and sometimes amounted to $ 8,36.
Bitcoin Network Hashrate Growth
