The daily number of transactions on the Bitcoin blockchain reached a new all-time high yesterday when tracked using a seven-day moving average. The on-chain metric reached a record high of over 408,000 transactions. The previous record was just over 406,000.
Chinese reporter Colin Wu also noticed the record high, citing a seven-day average of 426,337.14 transactions from Glassnode data.
The record-high daily average transaction count on Bitcoin may be related to Inscriptions — which have increased demand for block space on the leading blockchain.
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