bitcoinonchainmetrics

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Beyond price and market capitalization, Bitcoin's on-chain metrics provide a window into the actual usage and economic activity occurring on the network. These metrics reflect how many users are interacting with the protocol and the cost associated with those interactions.
Network Activity and Adoption
The number of active participants and the total volume of transactions are primary indicators of network utility. Based on the most recent daily data:
*Active Addresses, There were 452,452 unique addresses that sent or received transactions on the network. This metric serves as a proxy for daily active users.
*Transaction Count**: The network processed 484,938 transactions in a single day . This suggests a high level of throughput, with the average active address participating in approximately one transaction
Transaction Economics
The fees paid to miners reflect the demand for block space and the overall security spend of the network.
*Total Transaction Fees**: Users paid a total of $170,509.67 in fees to have their transactions included in the blockchain
*Average Transaction Fee**: The average cost per transaction was approximately $0.35. This relatively low average fee indicates that the network remains accessible for various types of transfers at current demand levels.
Ecosystem Integration
While Bitcoin is primarily used as a store of value and a settlement layer, other decentralized finance (DeFi) metrics such as stablecoin supply, decentralized exchange (DEX) volume, and Total Value Locked (TVL) were not available for the Bitcoin network in the current dataset .This is typical for the base layer of Bitcoin, as much of its programmable utility and DeFi activity often occurs on secondary layers or through specific protocols like Ordinals and Runes which may not be captured in standard base-layer network summaries. #BitcoinOnchainMetrics #BTC