TechFlow reported on February 2 that, according to The Block, Bitcoin network transaction throughput in January hit an 11-month low, continuing a three-month downward trend. Monthly transaction volume dropped over 43% compared to the all-time high reached in October 2024. The backlog of unconfirmed Bitcoin transactions also declined significantly, and as miners cleared the mempool of Bitcoin nodes, transaction fees hit record lows. On February 1, several blocks were left partially empty.
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