More than $30 billion was settled on the Bitcoin blockchain in a single day last week.
The value settled on the Bitcoin network has been surging recently, reaching a new daily all-time high last week.Bitcoin’s daily settlement value hit an all-time high on Oct. 6, with $31 billion worth of transactions being settled on-chain using the Bitcoin network. The record high marks an increase in the network’s daily settlement volume of approximately 40 times since the beginning of 2020.There was $31 billion of value settled on the bitcoin network in a single day last week.This is an all-time high for a single day of settlement value.The global, decentralized payment system continues to become more dominant. (h/t @kerooke) pic.twitter.com/a6Q2FbPY3C— Pomp (@APompliano) October 10, 2021
According to data from Coin Metrics, daily settlement volume has since pulled back sharply, with the Bitcoin network settling $11.6 billion
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