Pavlo Kot

Bitcoin microtransactions reach record 80% share of network activity

Bitcoin microtransactions reach record 80% share of network activity
Bitcoin microtransactions hit 80%

​Small Bitcoin transactions now account for about 80% of all daily transfers, up from roughly 44% in 2023. The increase has been driven by Runes, Ordinals, and BRC-20 despite continued pressure on the price of the leading cryptocurrency.

According to CryptoQuant, nearly all the increase came from transactions smaller than 0.01 BTC, equivalent to roughly $630 at current prices.

Julio Moreno, head of research at CryptoQuant, said this pattern is typical of activity generated by protocols built on top of the Bitcoin network. In such cases, transaction counts rise sharply while the value transferred remains relatively small.

Analysts attribute the trend primarily to the growing use of OP_RETURN, a mechanism that allows data to be recorded on the blockchain without creating spendable outputs. The feature is widely used by Runes, Ordinals, BRC-20, and timestamping services.

Mempool backlog continues to grow

The surge in microtransactions has increased the size of Bitcoin's mempool, the queue of unconfirmed transactions. According to CryptoQuant, the backlog has reached approximately 128,000 transactions, the highest level since late February 2025.

Researchers noted that most of the congestion comes from low-fee transactions and remains well below the peaks recorded in 2023 and 2024.

The firm warned that further adoption of non-financial use cases on Bitcoin could intensify competition for block space and lead to higher transaction fees for ordinary payments.

Network activity approaches cycle highs

CryptoQuant said Bitcoin's network activity index has risen steadily since the beginning of the year and has reached its highest level since late 2024.

The number of daily transactions has surpassed 800,000, approaching the highs of the previous bull market. Analysts believe the trend is sustainable, as the average number of transactions per block has remained near record levels for several weeks.

The increase in network activity comes amid continued interest in Bitcoin's fundamental strengths.

Strategy founder Michael Saylor recently noted that, unlike traditional financial markets, Bitcoin operates around the clock, allowing users to send payments and settle transactions regardless of weekends or holidays.

Earlier, CryptoQuant founder Ki Young Ju said Bitcoin had entered a phase of active coin redistribution among investors.

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