Bitcoin can boast new achievements this year! The number one cryptocurrency has notched a new all-time high. Apart from a steady rally, BTC has also increased its tally of transactions. Analysts estimated that Bitcoin's daily transaction volumes reached peak levels in 2024.
Experts observed that the five busiest days in terms of transaction numbers all occurred this year. On April 23, 2024, miners confirmed 927,010 transactions, while the second-highest result was recorded on September 8, with 910,083 transactions.
The third busiest day of the year was July 21, when 859,629 transactions were processed. Earlier, on May 26, 2024, Bitcoin miners confirmed 852,655 transactions. Analysts estimate that July 23, 2024, took fifth place with 838,977 transactions.
However, analysts have pinpointed other achievements for Bitcoin. This year, the leading cryptocurrency has surpassed several of its previous records. Against this backdrop, experts suppose that the transaction volume record set in 2023 may be broken.
According to specialists, Bitcoin's current network throughput of 8.94 transactions per second significantly lags behind solutions like Visa and Mastercard, which operate in conventional finance. However, few experts predict growth for these companies, while Bitcoin's potential is still considered untapped. Moreover, the likelihood of Bitcoin maintaining its status as a means of payment remains very high.
