Over the previous 30 days, miners authenticated a staggering total of 16,704,699 transactions, averaging 6.7 transactions per second.
As 2023 came to a close, the Bitcoin network surpassed another record by verifying a significant total of 731,351 transactions in a single day. This achievement surpassed the previous high set on December 24, 2023or Christmas Eve, when the miners confirmed a total of 723,459 transactions.
The year 2023 saw a series of milestones surpassed in the Bitcoin network and onchain activitiesas both mining difficulty and hash rate reached unprecedented levelsalong with a daily increase in transaction confirmations. On the brink of the new year, miners set a record with 731,351 verified transactions on December 31, 2023, largely driven by ordinal signups.
In the same day, 314,003 registrations were processed, which represented approximately 42.93% of the total transactions confirmed on Sunday. Meanwhile, Bitcoin miners experienced a remarkably lucrative fee market in December. Despite breaking the daily record for onchain transfers on New Year’s Evearound 351,000 transactions remain in the backlog as of January 1, 2024. Over the previous 30 days, miners authenticated a staggering total of 16,704,699 transactions, averaging 6.7 transactions per second.
Bitcoin: trading record
With this latest milestonethe network achieved an impressive rate of 8.10 transactions per second on Sunday, which translates to approximately 30,000 transactions per hour. On December 31, an average of 4,600 transactions per block were documented. As of January 1, 2024, intervals between block confirmations have ranged between 9 minutes and 39 seconds and 8 minutes and 55 seconds, with miners having validated a grand total of 946,371,028 transactions up to block height 823,890.
As 2023 gave way to 2024, the Bitcoin network not only celebrated a historic achievement on New Year’s Eve, but also showed the unwavering momentum of its expansion. Nearly 43% of transactions that day were driven by the rapidly growing trend of ordinal signups, reflecting the network’s continued evolution and its enduring ability to meet new and diverse demands.
Source: Ambito
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