Small BTC transactions now make up 80% of daily network volume

Transactions of less than 0.01 BTC now account for approximately 80% of the Bitcoin network's daily transaction volume, reaching its highest level in several years, on-chain analyst Julio Moreno noted in a CryptoQuant contribution. This figure represents a significant increase from around 44% in 2023. Moreno attributed the recent surge in small-scale transactions to the growing activity of protocols like Runes, Ordinals, and BRC-20, which utilize OP_RETURN. He explained that the accumulation of micro-transactions generated by these protocols is rapidly boosting their share of the total transaction count.