💰 The $BTC blockchain processed over $19 trillion in transactions in 2024, a 121% increase from 2023, according to Riot Platforms VP Pierre Rochard.
📊 This growth reversed a two-year decline, highlighting Bitcoin's dual role as a store of value and medium of exchange.
🔍 However, the rise was driven by Bitcoin's price surge from $44,000 in 2023 to $108,364 in 2024, rather than a significant increase in transaction volume.
⚡️ Mining revenue also surged, enabling record network power of 1000 exahash/s by January 2025. Yet, average transaction fees remained high, reaching $8.36 at times.
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