Bitcoin transaction rate is currently at its highest level since December 2017 despite the 14-month long bear market. With transaction per second on the rise, the top-ranked cryptocurrency is also experiencing a resurgence in both actual use, especially in emerging markets, and interest as seen in the latest Google search trends.
Rising Bitcoin Transaction Rate
Data from Blockchain shows that Bitcoin’s transaction rate is currently at 3.8 transactions per second (TPS). The figure represents the highest BTC transaction rate since its all-time high of 4.7 in mid-December 2017.
After the initial price crash of February 2018 that took BTC price to $6,000 the transaction rate also fell. However, since then, BTC’s TPS count has been rising steadily.
Despite the steady increase, transaction fees have remained relatively stable on the…