Daily Value of Transactions on Bitcoin Network Hits New Record High

Reading Time: < 1 minute

The total value of daily transactions on the Bitcoin network has reached a record $31 billion, according to investor Kevin Rooke.

According to him, since the beginning of the year, the indicator has increased 40-fold. The expert pointed out these are not trading volumes, but funds transferred in the network.

In turn, analyst Willy Wo has said the blockchain of the largest crypto on the market processes about $190,000 per second, compared to $130,000 in the case of Visa for its US customers and $55,000 in the case of Mastercard.

According to the BitinfoCharts, the average transaction volume has skyrocketed since August, reaching a high of $1.95 million.

Journalist Colin Wu has drawn attention to the fact that the proportion of transactions over $10 million has reached a record high of 70%.