PANews, June 19 – According to The Block, CryptoQuant Head of Research Julio Moreno stated that Bitcoin transactions below 0.01 BTC currently account for about 80% of all daily transactions, up from approximately 44% in 2023. This surge is driven by OP_RETURN-based on-chain data protocols such as Runes, Ordinals, BRC-20, and data timestamping services. These protocols generate a large number of extremely small transactions, some as low as 546 satoshis (currently worth about $0.35), directly leading to an increase in low-value transfers.

Overall, the Bitcoin network activity index has been steadily rising since January and has reached its highest level since late 2024. Moreno noted that the index broke above its long-term trend line in late March for the first time since mid-2024 and has remained above that level in the following weeks, even as Bitcoin prices continued to decline. Current network activity is only about 7% below the all-time high set in September 2024. Since the start of this year, total daily Bitcoin transactions have climbed to over 800,000, approaching the peak of the 2023-2025 bull cycle and more than double the 2025 low.