Bitcoin Transactions Spike in April While SegWit Keeps Fees Low: Report38

Research has shown that the number of on-chain Bitcoin transactions has risen dramatically throughout 2019, nearing the volume of Bitcoin’s peak in December 2017. Even so, transaction fees are a fraction of what they were around bitcoin’s all-time high, likely due to the continued uptick of SegWit transactions on the network.

These findings were published in the May 6 edition of digital asset publication Diar. Among other research related to DApp adoption on Ethereum, Diar found that fees rose 200 percent in April versus March. Still, fees are negligible compared to the $30 some users paid during the peak of bitcoin’s price climb at the end of 2017, and transaction times are 84 percent lower, as well.

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