Microtransactions Now Account for 80% of Bitcoin Network Activity
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Microtransactions below 0.01 Bitcoin now account for nearly 80% of all daily transactions on the Bitcoin network, according to a report published by blockchain analytics firm CryptoQuant.
This phenomenon is pushing network activity to levels close to its all-time highs, despite a moderate price performance. CryptoQuant’s “Network Activity Index” turned positive for the first time since 2024, sitting just 7% below the record set in September of that year.
Day open
$62,958
00:00 UTC
Past 7 days
−1.0%
from $63,626
Since the open
+3.1%
$64,924 · 15 Nov, 14:40 UTC
All-time high
−50.1%
$126,080 · Oct 2025
In 2023, microtransactions accounted for just 44% of the daily total. The growth is largely driven by data inscription protocols such as Ordinals, Runes, and BRC-20, which generate high volumes of minimal-value transactions, some as low as 546 satoshis.
The use of the OP_RETURN opcode, which allows data to be embedded in the chain without creating spendable outputs, reached near-record levels in 2026, following the controversial removal of the 80-byte limit by Bitcoin Core developers in 2025.
Julio Moreno, head of research at CryptoQuant and author of the report, warned that sustained growth in non-financial activity could “increase competition for block space and raise fees for economic transactions.”
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Sources and method. The data box is a snapshot taken when the story was published: price from CoinGecko's hourly series (or, if missing, our own daily close from Binance, Coinbase, Kraken or Blockchain.com); "Past 7 days" compares with the price one week earlier; the all-time high is CoinGecko's as it stood that day. Only "Since this story" uses the latest price, with its own time.
Notice. For information only; not investment advice.
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