TechFlow News, June 19: According to The Block, CryptoQuant reported that transactions worth less than 0.01 BTC now account for approximately 80% of Bitcoin’s daily transaction volume—a sharp increase from roughly 44% in 2023. The report attributes this growth primarily to on-chain data-writing activities such as Runes, Ordinals, BRC-20 tokens, and timestamping services.
Julio Moreno, CryptoQuant’s Head of Research, noted that the surge in microtransactions has driven sustained growth in Bitcoin network activity. Daily transaction counts have risen above 800,000 this year, pushing the Network Activity Index to its highest level since late 2024—just about 7% below the all-time high set in September 2024. Meanwhile, the number of unconfirmed transactions in the mempool has climbed to 128,000—the highest since February 2025. The report states that current network congestion is concentrated among low-fee transactions; however, if non-financial on-chain activity continues expanding, competition for block space may intensify further, driving up fees for time-sensitive transactions.
