The Bitcoin landscape is pulsating with activity as daily transaction counts surge toward record highs in 2023.
On 30 April 2023, blockchain analytics firm Glassnode stated that “Bitcoin daily transaction counts are nearing record highs, experiencing a significant surge in 2023.” Glassnode remarked, “With the advent of Inscriptions, analysts must now evaluate how much of this is attributable to Inscriptions versus monetary transfers.” Bucket Elevator Tail Pulley
In a series of tweets, Glassnode further elaborated:
A snapshot in using #Bitcoin on-chain data to assess whether on-chain actvity supports the uptrend. Summary: – Transaction counts + Inscriptions mooning – Mempools full, fee pressure strong – HODLers remain dominant – Transfer volume however is remarkably low Best Estimate –>… https://t.co/swM6d3nsml
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