In January, the transaction processing volume of the Bitcoin network hit an 11-month low

ChainCatcher news, according to The Block, the Bitcoin network's transaction processing volume hit an 11-month low in January, continuing a downward trend for three consecutive months. Compared to the network's historical highest monthly transaction volume recorded in October 2024, the monthly transaction volume has decreased by more than 43%.

The backlog of unprocessed Bitcoin transactions has also significantly decreased, as miners clear the memory pool of Bitcoin nodes, leading to historically low transaction fees. On February 1, several blocks were not filled.