Glassnode: The number of active Bitcoin addresses has dropped to the lowest level since 2019
Golden Finance reported that Glassnode data showed that after the halving in April 2024, the number of active Bitcoin addresses decreased significantly due to soaring transaction fees and network congestion. This increase in fees, due in part to the emergence of new protocols such as Runes, has affected Bitcoin’s utility in daily transactions, resulting in a significant decline in network activity. Although the number of active addresses has dropped to its lowest level since 2019, Bitcoin The currency has returned to near all-time highs.
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