The transaction volume of the Bitcoin network settlement in 2024 exceeds 19 trillion USD

ChainCatcher news, according to Cointelegraph, in 2024, the transaction volume settled through the Bitcoin network will exceed $19 trillion, more than double the $8.7 trillion settled by the network in 2023, reversing the trend of declining transaction volume over the past two years since 2021.

According to data from Pierre Rochard, Vice President of Research at mining company Riot Platforms, Bitcoin transaction volume peaked during the 2021 bull market at approximately $47 trillion and sharply declined in 2022 and 2023.