Bitcoin now processing $2B worth of transactions daily, a 10x increase from 2016

posted 20 days ago
2017 has been bitcoin’s biggest year yet, with the digital asset reaching another new all-time high above $8,000 over the weekend. In addition to the exploding price, the total value transacted on the network per day has also seen substantial gains this year; however, the actual number of transactions processed by the network per day has been rather stagnant in 2017.

Looking at the numbers provided by Blockchain.info, roughly a billion dollars of value was sent around the Bitcoin network per day in early August. This number declined down to $600 million by late September before exploding to $1.5 billion by late October.

November 16th set a new all-time high for value transacted over the Bitcoin network in a single day at $2,803,405,660.

While this explosion in value transferred per day has taken place, the actual number of transactions on the Bitcoin network per day has been rather steady.
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