Express

Bitcoin Network's Throughput Hits $2.1 Billion, A Strong Sign Of Network Health

Emily Mason

Summary: Bitcoin's network is supporting $2.1 billion economic throughput daily, data from Glassnode shows. Economic throughput measures the bandwidth of the network by multiplying the number of transactions on the chain by the average amount of those transactions. The report argued that Bitcoin's economic throughput has increased thanks to an increased number of transactions and an ...

Bitcoin's network is supporting $2.1 billion economic throughput daily, data from Glassnode shows.

Economic throughput measures the bandwidth of the network by multiplying the number of transactions on the chain by the average amount of those transactions.

The report argued that Bitcoin's economic throughput has increased thanks to an increased number of transactions and an increased average value for transactions. It noted that higher average transaction value is not associated with more frequent transactions.

By Emily Mason

Last Update:

Tags: ,,
Link: Bitcoin Network's Throughput Hits $2.1 Billion, A Strong Sign Of Network Health   [Copy]
Next:

Related Articles

  • BitFuFu’s VP on Mining Leadership, Corporate Crypto Treasuries, the Stablecoin Act, and... 2 days ago
  • BTC Weekly Outlook: A Bullish Week, but Signs Point to a Shift to Defensive Play 3 days ago
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 14 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 16 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 17 days ago

    • You need to login to comment.