🚨BTC breaks ATH but network activity bottomed out for 2 years



The number of transactions on the network has fallen to 364K - the lowest level since the beginning of 2023.

DeFi projects on other chains continuously emerge with outstanding efficiency, making lending, Dex, or native stablecoins on the Bitcoin network unnecessary. Efforts like Ordinals or BRC20 quickly fail due to a lack of infrastructure.

But that is also the advantage of Bitcoin, as the scalability part of the blockchain trilemma being 0 has made Bitcoin the best asset for storage.
1 BTC = 1 BTC.
BTC1.59%
ATH4.62%
DEFI0.77%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)