Bitcoin transaction values and fees grew in 2020’s third quarter


The amount of value transacted on the Bitcoin network grew in the third quarter of 2020 compared to the second quarter, according to findings from The Block Research.

During the period, users transacted more than $225B, posting an average of $2.4B a day. In all, the value transacted across the network rose some 25% compared to the second quarter of this year, which saw $180B.

Transaction fees on Bitcoin grew as well. Miners saw an 88% gain in fee revenue compared to the last quarter. Users paid, on average, $987K per day in transaction fees last quarter. 

To read the full third-quarter report, subscribe to The Block Research.

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.



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