By Bitcoin পত্রিকা - 2 বছর আগে - পড়ার সময়: 2 মিনিট
অন-চেইন Bitcoin Volume At Five-Year Low
But the change-adjusted volume transfer of the network in dollar terms shows just how effectively bitcoin is scaling.
নীচে ডিপ ডাইভ এর একটি সাম্প্রতিক সংস্করণ থেকে, Bitcoin পত্রিকাএর প্রিমিয়াম মার্কেট নিউজলেটার। এই অন্তর্দৃষ্টি এবং অন্যান্য অন-চেইন পাওয়ার জন্য প্রথম হওয়া bitcoin বাজার বিশ্লেষণ সরাসরি আপনার ইনবক্সে, এখন সাবস্ক্রাইব করুন.
Bitcoin on-chain volume (change adjusted) has touched a five-year low in bitcoin terms, currently at 329,226 BTC per day over the last seven days. Low on-chain volume has been a short term bearish indicator, as it demonstrates low demand to use the network.
There are a few reasons for this development, one of which is the explosive growth of the Lighting Network, coupled with the secular trend over the last decade of an increasing BTC/USD exchange rate. The same chart in U.S. dollar terms looks quite different.
Looking at the change-adjusted volume transfer of the network in dollar terms shows just how effectively bitcoin is scaling as a monetary network. Currently, the total change-adjusted transfer volume (seven-day moving average) on the Bitcoin network is $15.2 billion, off from a high of over $50 billion this April, in part because of the rebounding hash rate and faster-than-average block times.
Similarly, fees as a percentage of bitcoin mining revenue has fallen sharply, and is currently at 1.46%. With the block subsidy trending to zero over time as supply issuance is programmatically reduced in quadrennial fashion over the next 120 years, fees will eventually make up 100% of miner revenue. However, currently, with miner profit margins extremely large, this is not a worry and competition is extremely strong as miners are pulling in near-record revenue across 2021 (in dollar terms).
মূল উৎস: Bitcoin পত্রিকা