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Bitcoin Micro-Transactions Surge to 80% of Network Activity, Data Shows
Small Bitcoin transactions of less than 0.01 BTC have surged to approximately 80% of all network activity, according to data from analytics firm CryptoQuant. This dramatic increase from under 50% in 2023 is primarily driven by rising network usage for protocols like Runes and Ordinals, which allow users to inscribe data onto satoshis. The growing popularity of these token protocols has led to a surge in small, data-rich transactions, creating non-fungible tokens (NFTs) and other digital assets