Bitcoin Network Activity Soars As BTC Falls Nearly 50% Below Peak Value: CryptoQuant

Transaction counts on Bitcoin The network is rising even above the crypto asset trading almost 50% from the all-time high price of $126,080.

Data collected by crypto analytics company CryptoQuant shows that internet activity has been steadily increasing since January 2026, and has recently reached its highest level since the end of 2024, which is only a 7% drop from the all-time low that occurred in September 2024.

“This high reading has been possible for several weeks and is the first positive trend since 2024, in stark contrast to the ongoing Bitcoin market. lower costs,” the company wrote.

The total and daily figures for the event are very close according to the company, which noted that the event was effective from December 2024.

However, despite the increase in employment, the economic value of the trade is very low.

“The economics of these businesses are very different from those of the past,” the report says.

Groups trading less than 0.01 BTC and less than 0.001 BTC each saw the biggest increase, together representing about 80% of daily transactions—up from 44% in 2023, according to CryptoQuant data. The company sees it as a symbol of “protocol-driven service,” which keeps volumes high, but costs low in sales.

Another proof of the progress of this protocol is the relative increase in the use of “OP_RETURN”, a part of Bitcoin transactions that allows users to connect more information to their BTC transactions.

Although the field had a byte limit, it he was fired last year after a heated argument.

“Usage will peak in 2026,” the research firm wrote, highlighting Bitcoin. NFT events and timer functions between other OP_RETURN applications. “These protocols create a lot of value, which directly explains the number of low-cost groups.”

Even though its network traffic is increasing, the value of Bitcoin is not. BTC has fallen by 17% in the last 30 days of trading, recently changing hands at $63,865.