Bitcoin Network Activity Falls to 19-Month Low as Developers Debate Transaction Filtering

Bitcoin Network Activity Falls to 19-Month Low as Developers Debate Transaction Filtering
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Bitcoin network activity dropped to a 19-month low, with just 317,000 daily transactions.
Developers urged nodes to relay low-fee transactions as the community debates decentralization and spam concerns.

Bitcoin network transaction activity has dropped to its lowest point since October 2023, according to data from The Block. The seven-day moving average reached approximately 317,000 on June 6. This marked a 19-month low and came despite Bitcoin trading near its ATH value.
According to data from YChart, on June 1, the network processed only 256,000 operations. This volume represented one of the lowest single-day data recorded in over a year. Developers and analysts cited a reduction in on-chain demand as one contributing factor. Some transactions with fees as low as 0.1 satoshis per virtual byte (sat/vB) have still been accepted and mined.

Source: YCHARTS

Open-source developer Mononaut confirmed that a low-fee transaction they submitted had been mined recently. The tra

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