In 2024, the transaction volume of the Bitcoin network exceeded 19 trillion US dollars, more than double that of 2023

According to a post and chart shared by Pierre Rochard, Vice President of Research at Riot Platforms, the Bitcoin network completed BTC transactions worth over 19 trillion US dollars in 2024, more than double the 8.7 trillion US dollars in 2023. This surge marks a significant reversal after two consecutive years of decline in transaction volume since 2021. During the bull market period of 2021, Bitcoin's transaction volume reached a peak of 47 trillion US dollars but plummeted dramatically in the following two years.