Announcing CryptoSlate Research — gain an analytical edge with in-depth crypto insight. Learn more.

Bitcoin transactions per block at all-time highs

Bitcoin transactions per block at all-time highs

The average number of Bitcoin transactions per block reached an all-time high of over 2,700 transactions on Mar. 29. These figures have not been seen since the peak of the cryptocurrency market in December of 2017.

Average Bitcoin transactions per block represent how many transactions are included in each 2 MB block, on average, in a given day. Assuming an average transaction occupies 570 bytes of data, then a block can contain approximately 3,500 transactions, given the 2 MB limit.

On Mar. 31, 2018, the figure hit a three-year low of 830 transactions per block. Average transactions have been trending up since.

Then, on Mar. 23, average Bitcoin transactions per block shot up from 1,500 to 2,700, an increase of 80 percent.


The sudden increase could signal increasing bitcoin adoption, but it is more likely to stem from growing trading-related transactions. As trading volumes increased from $4.3 billion on Jan. 1 to $16.7 billion on Apr. 7th (based on CoinMarketCap data) transaction volumes followed.

Moreover, the more recent uptick appears related to the sudden increase in bitcoin prices, which again impacts trading volume.

Growing interest in BTC, Bitcoin transaction fees up over 500%
Related: Growing interest in BTC, Bitcoin transaction fees up over 500%

The average transactions per block do not include transactions conducted over the Lightning Network. As such, the number of transactions facilitated by Bitcoin could be much higher, especially considering that the Lightning Network has also seen steady month-over-month growth.

As Bitcoin blocks approach saturation, then the transaction fees per block will undoubtedly increase. A rise in fees has already been seen with average daily fees going from $0.20 to over $1.00 per transaction.

Bitcoin | BTC

Updated: Apr 8 at 4:42 am PDT

Bitcoin, currently ranked #1 by market cap, is up 0.39% over the past 24 hours. BTC has a market cap of $91.2B with a 24 hour volume of $17.16B.

Chart by CryptoCompare

Bitcoin is up 0.39% over the past 24 hours.

Filed Under: Bitcoin, Price Watch
Mitchell Moos

Mitchell is a software enthusiast and entrepreneur. In addition to writing, he runs a non-profit that teaches people about the blockchain. In his spare time he loves playing chess or hiking.

View author profile

Commitment to Transparency: The author of this article is invested and/or has an interest in one or more assets discussed in this post. CryptoSlate does not endorse any project or asset that may be mentioned or linked to in this article. Please take that into consideration when evaluating the content within this article.

Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.