Sub-0.01 BTC transfers now make up 80% of Bitcoin's daily transaction volume, fueled by Runes and Ordinals
ChainCatcher reports that Julio Moreno, Research Director at CryptoQuant, said transactions smaller than 0.01 BTC now represent about 80% of Bitcoin's daily transaction volume, up sharply from roughly 44% in 2023. He attributed the shift to OP_RETURN-based on-chain data protocols such as Runes, Ordinals, BRC20, and data timestamping services. These applications generate large numbers of micro-transactions—some as small as 546 satoshis (about $0.35)—keeping low-value transfers elevated. Moreno added that Bitcoin's network activity index has climbed steadily since January and has reached its highest level since late 2024.