Degen

New statistics show that the number of unconfirmed transactions on the Bitcoin (BTC) network has fallen from more than 200,000 in the first week of January to 7,723. This is the lowest level since 2022.

Transaction activity on the Bitcoin blockchain has been steadily declining since November 19, 2024, when miners processed about 810,805 transactions, reaching 328,684 transactions yesterday.

This decrease in activity has led to a significant drop in network fees, with users currently paying just $0.29 per transaction.

This is not very favorable for miners, who are facing a decline in revenue after the fourth halving in April 2024.