Glassnode: Bitcoin trading volume will grow to $3.2 trillion in 2024, with an average daily trading volume of $8.7 billion

Odaily News According to a report from Glassnode, Bitcoin’s user engagement grew significantly in 2024, with on-chain data showing that its average daily transaction volume reached $8.7 billion, reflecting the growing economic activity within the Bitcoin network.
The company looked at Bitcoin's "Transfer Volume," a metric that tracks the total amount of BTC transferred on the blockchain. Specifically, Glassnode looked at entity-adjusted transfer volume, excluding internal wallet transfers within the same investor cluster, and only focused on transactions between different entities. This can provide a clearer picture of the actual economic movements on the network, as transfers between individual investor wallets do not contribute significantly to the market.
Transfer volumes saw a notable increase during the year, particularly as the price of Bitcoin surpassed $100,000 in late 2024. While the metric has since stabilized, the overall growth in transaction activity suggests that Bitcoin’s role in large-scale financial transactions has risen, processing $3.2 trillion in economic transactions last year alone.
Additionally, realized market capitalization, which measures the true market value of Bitcoin, also grew significantly during this period, indicating that Bitcoin holders have increased their invested capital.