Data: Bitcoin network activity hits highest level since 2024, but transaction values remain relatively small

CoinFeed, June 22 – According to Decrypt, CryptoQuant data shows that despite Bitcoin’s price falling nearly 50% from its all-time high, network activity continues to rise, recently reaching its highest level since the end of 2024 and only 7% below the historical peak in September 2024. Analysis indicates this is the first sustained period of activity above the trend line since mid-2024, contrasting sharply with Bitcoin’s bear market price action. However, alongside the activity growth, the economic value of transactions is notably low. Transactions under 0.01 BTC and under 0.001 BTC have risen from 44% in 2023 to about 80%, which CryptoQuant views as a sign of “protocol-driven activity” — high transaction volume but low per-transaction value.