Bitcoin Surpasses One Billion Transactions, Marking a Major Milestone 15 Years After Genesis Block

Bitcoin Surpasses One Billion Transactions, Marking a Major Milestone 15 Years After Genesis Block

The BTC network has achieved a significant milestone, processing over one billion transactions since the genesis block was mined by Satoshi Nakamoto on January 3, 2009. This landmark event occurred 15 years, four months, and four days after the network’s inception, highlighting Bitcoin’s enduring relevance and growth.

According to data from Clark Moody’s dashboard, the total number of all-time transactions on the Bitcoin blockchain now exceeds 1,000,140,825. The billionth transaction was recorded in block 842,241, mined by the Foundry pool. This milestone aligns closely with increased transaction activity leading up to and following the fourth Bitcoin halving, spurred notably by the introduction of the Runes protocol, which significantly boosted demand for block space.

In comparison, Ethereum, which launched six years post-Bitcoin and is the second-largest blockchain by market capitalization, has processed over two billion transactions. It currently averages more than one million transactions per day. Research by Yearn contributor “banteg” indicates that nearly half of Ethereum’s 2.1 billion transactions involved a non-zero ether value transfer.

While a higher transaction count reflects increased network activity, it also generally results in elevated transaction fees. Recent data from DeFiLlama reveals that the Bitcoin network accrued approximately $284 million in transaction fees over the past 30 days, surpassing Ethereum’s $173 million during the same period. This underscores the vibrant and costly nature of high network activity within major blockchain ecosystems.