Bitcoin Transactions Per Day (2024)

FAQs

How many transactions can Bitcoin process per day? ›

Bitcoin's transaction volume was at its highest in December 2023, when the network processed over 724,000 coins on the same day. Bitcoin generally has a higher transaction activity than other cryptocurrencies, except Ethereum. This cryptocurrency is often processed more than one million times per day.

How many Bitcoins are mined per day? Data suggests that approximately 900 new Bitcoins are mined daily. This figure is based on a block reward of 6.25 BTCs and an average block time of 10 minutes.

Top Blockchain Statistics - (Editor's Choice)

Around 50 million people own Bitcoin. There are more than 50,000 confirmed transactions of Bitcoin daily. Research from July 2021 shows that 89% of American adults have heard of Bitcoin. An estimated 1 billion people around the world use cryptocurrencies.

For example, Bitcoin's block size is 1MB, allowing it to process a limited number of transactions per block. Block time, on the other hand, refers to the time taken by a network to generate one new block in the blockchain. A shorter block time can lead to faster transaction confirmations, thereby affecting TPS.

No. There is no limit to how much bitcoin you can transfer in a day on a decentralized wallet.

What are the limits for swapping, depositing, and withdrawing crypto or fiat? All verified Blockchain.com users can exchange unlimited amounts of cryptocurrency or fiat currency (e.g. USD) within their wallets.

So, who are the top holders of BTC? According to the Bitcoin research and analysis firm River Intelligence, Satoshi Nakamoto, the anonymous creator behind Bitcoin, is listed as the top BTC holder as of 2024. The company notes that Satoshi Nakamoto holds about 1.1m BTC tokens in about 22,000 different addresses.

Basic Info

Bitcoin Transactions Per Day is at a current level of 445730.0, down from 459067.0 yesterday and down from 449225.0 one year ago. This is a change of -2.91% from yesterday and -0.78% from one year ago.

Once all 21 million bitcoin are mined by the year 2140, no new bitcoin will be created. This means miners will no longer receive block rewards for adding new blocks to the blockchain. Instead, their compensation will come solely from transaction fees paid by users.

Summary: As of 2024, there are about 420 million cryptocurrency users globally. Of these, approximately 1.5 million individuals possess more than 1 Bitcoin, which is just 0.36% of all cryptocurrency users.

What does the average Bitcoin holder have? ›

Bitcoin Ownership is Widely Distributed

A significant majority of Bitcoin holders are small investors, as approximately 74% of Bitcoin addresses hold less than 0.01 BTC, worth around $350 as of November 6th 2023, as seen in Figure 1 below.

Cryptocurrency awareness and ownership rates have increased to record levels: 40% of American adults now own crypto, up from 30% in 2023. This could be as many as 93 million people. Among current crypto owners, around 63% hope to obtain more cryptocurrency over the next year.

There is a risk that the blockchain will continue to grow too quickly and become unwieldy, yes. However, if technology improvements continue at their current pace for several decades, and Bitcoin survives the intermediate turmoil, it will eventually start to get easier to run a node again.

The Fastest Blockchains

Here are the top 20 blockchains with the highest TPS: Solana - 1053.7. Sui - 854.1. BSC - 378.3.

The restrictions of Bitcoin's block size and block time make it capable of only processing about three to seven transactions per second. Transaction Cost. Limited throughput leads to a high demand for a limited supply of block space.

Bitcoin Cash's whopping 32MB block size makes it capable of processing over 100 transactions per second.

The on-chain transaction processing capacity of the bitcoin network is limited by the average block creation time of 10 minutes and the original block size limit of 1 megabyte. These jointly constrain the network's throughput.

Currently, the block size limit is 1MB, and the block time is 10 minutes. This means that the Bitcoin network can process approximately 7 transactions per second. However, the network can become congested during times of high demand, leading to delays and higher fees.