Bitcoin: an unprecedented number of transactions!

Bitcoin continues to be talked about! The queen of cryptocurrencies has reached historic highs in recent months. The blockchain also appears to be breaking phenomenal records in terms of transactions and signups.

Bitcoin’s popularity continues to soar with unprecedented transaction numbers!

The number of Bitcoin transactions steadily increasing since the beginning of the year

While some still wonder if Bitcoin would be a good investment for 2023, the answer seems obvious to others. Besides, the numbers show it clearly. In recent days, the number of transactions on the Bitcoin blockchain has continued to increase.

According to data published by the crypto analysis company Glassnodethe number of transactions recorded on the network amounted to 432 613 on April 23. For experts, this is the third record in the entire history of Bitcoin.

If we look at the statistics of The Block, the numbers have dropped somewhat (to 408,000 transactions). Nevertheless, the number of Bitcoin transactions listed still significantly exceeds crypto analysts’ forecasts.

Registered record inscriptions: decryption

On the Bitcoin blockchain, there is not only an exponential growth in the number of transactions. The data also shows record registrations. Reference is made in particular to the latest statistics published by Dune Analytics. At the time of writing, the platform displays a total number of registrations of 2,832,000.

For many specialists, this means one thing: a meteoric rise in the adoption of cryptocurrencies.

“The unexpected rise in popularity may indicate a shift in the broader perception of Bitcoin, despite its reputation as an ossified blockchain”said crypto asset manager Grayscale in particular.

In an article published on April 27, it highlights the impact of ordinals on the value of bitcoin as well as its adoption. “While legitimate concerns exist, we believe ordinals have the potential to positively impact the Bitcoin network over the longer term, attracting a new wave of enthusiastic users and developers to embrace the community,” it reads. -we.

At the time of writing, bitcoin (BTC) trades at $29,255.10.

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