Data from the on-chain analytics firm Glassnode has revealed how the Bitcoin transaction volume compares with traditional payment processors.
Bitcoin Is Currently Witnessing On-Chain Volume Of $46.4 Billion Per Day
As explained by Glassnode in a new post on X, BTC’s on-chain transaction volume currently stands at $46.4 billion per day. The on-chain transaction volume here naturally refers to a metric that keeps track of the total amount of Bitcoin becoming involved in network transfers.
Below is the chart shared by the analytics firm that displays how the on-chain transaction volume of BTC compares against some traditional payment processors.
As is visible in the graph, Bitcoin’s current on-chain volume of $46.4 billion per day is more than Visa and Mastercard’s $38.9 billion per day and $24.7 billion per day, respectively.
Something to note, though, is that this BTC volume includes all sorts of on-chain activities the users might be participating in. As such, it co
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