Analysis from blockchain data providers

Bitcoin Hits 1 Billion Transactions, Boosted by Runes Protocol

May 6, 2024, 06:27 AM

The Bitcoin network has achieved a significant milestone by processing its one-billionth transaction, a landmark event that occurred 15 years, four months, and four days after its inception. This achievement was marked in block 842,241 at approximately 9:34 pm UTC on May 5, 2024, according to Clark Moody data. The milestone is particularly noteworthy given the average daily transaction count of approximately 178,475 over the network's lifetime. The recent surge in activity has been attributed to the popularity of the Runes protocol, which has recently dominated daily transactions on the network.