CryptoQuant: Transactions below 0.01 BTC account for 80% of total, hitting a multi-year high

Julio Moreno, Head of Research at CryptoQuant, stated that transactions carrying less than 0.01 BTC currently account for approximately 80% of the daily transaction volume on the Bitcoin network, significantly higher than the roughly 44% seen in 2023.

Moreno pointed out that this growth is primarily driven by on-chain data protocols based on OP_RETURN, such as Runes, Ordinals, BRC-20, and data timestamping services. These protocols generate a large number of small transactions, with some transaction sizes even as low as 546 satoshis (approximately $0.35), leading to a continuous increase in the number of low-value transfers.

Furthermore, the Bitcoin network activity index has been rising steadily since January this year and has now reached its highest level since the end of 2024. (The Block)