Small BTC transactions now 80% of total, driven by network activity

Small transactions of less than 0.01 BTC now account for approximately 80% of all Bitcoin transactions, a significant increase from under 50% in 2023, CryptoQuant reported on X. The analytics firm also noted that the use of OP_RETURN is approaching all-time highs, driven by growing demand for protocols like Runes and Ordinals. This surge is primarily fueled by an increase in network activity rather than a rise in the monetary value of transactions, CryptoQuant added.