Bitcoin transactions per block doubled, but it's SegWit efficiency, not demand
- —Daily BTC transactions hit 700,000–800,000 in October 2026 vs ~372,000 in January 2025
- —Blocks ran at about 98% capacity with average size near 1.5 MB
- —Average transaction fee fell to roughly $0.32
- —Microtransactions under 0.01 BTC account for about 80% of network activity
Why it matters: The doubling reflects SegWit packing efficiency rather than adoption, and falling fee revenue per transaction raises long-term questions about miner income and network security.
Source: Crypto Briefing