16 February, 2025
Once busy, now almost stagnant: blockchain transaction volume continues to drop sharply
Compared to last year’s all-time peak in daily transfers, Bitcoin transaction activity in 2025 has fallen to its lowest level in more than eight months. During exceptionally slow intervals on certain days this year, blocks on the Bitcoin blockchain were processed irregularly, creating an unpredictable environment for miners.
Once busy, now almost stagnant: Bitcoin blockchain transaction volume continues to drop sharply
Bitcoin on-chain slowdown: fewer transactions, lower fees, and inactive holdings
Bitcoin’s daily transfer volume has slowed dramatically this year, in stark contrast to the record-breaking activity in 2024. Last year’s highest single-day volume occurred on April 23, when 927,010 transfers were processed. In relative terms, the busiest day so far in 2025 was January 9, with 534,013 transactions. The monthly average has steadily declined since October 2024. In October
Once busy, now nearly at a standstill: Bitcoin blockchain continues to see sharp drop in transactions
, Bitcoin’s daily average was 660,682 transactions, falling to 536,874 in November, 413,021 in December, and 372,468 in January. As of 7:30 a.m. ET on February 15, mempool.space showed that only one block had been filled after block height 883,885. Block 883,885 itself was only three-quarters full, with only 921 pending transfers in the mempool.
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