The use of the main network of Bitcoin “was never so low”

A recent analysis of the Alphractal research firm has revealed that transaction rates on the Bitcoin network have reached unusually low levels, even when the price of the cryptoactive exceeds $ 107,000.

According to shared data, both total rates and the average for transaction, measurements in dollars, are found in historical minimums, with costs that do not exceed $ 1.5 per operation, regardless of the amount transferred. For Alphractal, these metrics reflect a significant change in user behavior: the interest in using the main network of Bitcoin has decreased significantly, which suggests a transformation in the function of the currencyincreasingly oriented to be an asset of value reserve and less to everyday transactionsas Cryptonotics also reported it.

As demonstrated by a direct look at the Bitcoin Mempool at the time of writing, low priority transactions in the network are paying only 3 SAT/VB, while high, 4 SAT/VB. These figures expressed in Satoshis per byte are equivalent to USD 0.46 and USD 0.61, and reinforce Alphractal’s argument about inactivity in the main network of Bitcoin.

The metrics presented by Alphractal cover several key indicators of the Bitcoin network. The first, the average rates for dollars transaction, shows historical peaks in high -activity periods, such as between 2017 and 2021, or even in 2024, when the costs came to shoot during moments of congestion on the network, coinciding with significant increases in the price of Bitcoin. However, despite the recent price increase, current rates are kept at extremely low levels, a phenomenon that Alphractal attributes to a decrease in the use of the main network.

Another relevant indicator is the volume of transactions in the Mempool, the space where transactions expect to be confirmed. This indicator also shows a drastic reduction, indicating thatThere are fewer users are directly interacting with the Bitcoin network for transfers or payments.

Finally, Segwit’s adoption, a technical improvement that optimizes transactions, although present, It does not seem to be promoting an increase in the use of the networkwhich reinforces the idea that Bitcoin activity is in decline.

This low level of activity is not limited to the main network of Bitcoin, but is also reflected in Lightning Network, a second -layer solution designed to facilitate rapid and economic transactions.

According to Alphractal, transactions in this network are also decreasing, which indicates a generalized reduction in the use of Bitcoin for payments peer-to-peer (P2P) and transfers.

The analysis firm points out that this phenomenon may be related to a massive migration towards centralized exchanges and alternative networks such as TRON (TRX), which offer transfers with minimal costs for stablecoins such as USDT.

This change in user behavior, according to the analysis, indicates that Bitcoin is consolidating as a value storage asset, while transactional needs are moving towards other technological solutions.