New record: Bitcoin processes 1.6M confirmed payments in a day
The launch of Bitcoin Runes played an important role in the spike in the total number of transactions over the Bitcoin network.
Amid increasing Bitcoin (BTC) use for day-to-day purchases, the Bitcoin network recorded the highest number of confirmed payments on April 23.
Three days after stepping into the new halving cycle on April 20, the Bitcoin network processed over 1.6 million unique transactions between sender and receivers.
Comparing data from Blockchain.com and Glassnode shows a direct correlation between the launch of Bitcoin Runes — an alternative to Bitcoin Ordinals and the BRC-20 protocol on the Bitcoin blockchain — and the spike in daily Bitcoin transactions.
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Author: Arijit Sarkar
