The Bitcoin network has reached a major milestone, processing its one billionth transaction yesterday, an achievement comes 15 years and 4 months after Bitcoin’s genesis block was mined on January 3, 2009.

JUST IN: #Bitcoin has officially processed over 1 billion transactions. pic.twitter.com/bFbSW5NEAW

— Bitcoin Magazine (@BitcoinMagazine) May 5, 2024

At an average rate of 178,475 transactions per day over its 5,603-day lifespan so far, Bitcoin has demonstrated the ability to handle significant volume securely without centralized intermediaries.

Many early critics argued nobody would use Bitcoin, but today, the network handles daily transaction volumes on par with major payments…

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$1M – $10M MarketCap:

1. Sora AI (SORA): 27%
2. LightLink (LL): 27%
3. VinuChain (VC): 12%
4. Orange (ORNJ): 8.8%
5. Choise.com (CHO): 8.0%

$10M – $100M MarketCap:

1. SolCex (SOLCEX): 187%
2. Aleph.im (ALEPH): 31%
3. OpenLeverage (OLE): 26%
4. Zero1 Labs (DEAI): 23%
5. bitsCrunch Token (BCUT): 19%

$100M – $1B MarketCap:

1. Celsius Network (CEL): 61%
2. Frontier (FRONT): 45%
3. Tellor Tributes (TRB): 37%
4. Phoenix (PHB): 21%
5. Apu Apustaja (APU): 21%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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A dormant Bitcoin address dating back to the early days of cryptocurrency recently sprang to life after 10 years. According to Whale Alert, a well-known tool for tracking crypto wallets, the address transferred 687 BTC, worth approximately $43.9 million, on May 6. The transactions were split between two wallets: one received 625.43 BTC, and the other 61.9 BTC. These events often intrigue the crypto community, as funds from the early days of Bitcoin’s creation are sometimes linked to its pseudonymous founder, Satoshi Nakamoto.

Satoshi-era wallets, often linked to Nakamoto’s active days in online forums, tend to attract significant attention. Last August, another such wallet moved 1005 BTC mined in 2010 after nearly 14 years of inactivity. While many speculate these wallets are tied to Satoshi, experts believe they belong to early miners or buyers cashing in on Bitcoin’s immense appreciation.

A Fortune report highlighted that over 1.75 million Bitcoin wallets have been inactive for a decade, holding significant BTC bought when the cryptocurrency was priced in double digits. Recently, several of these Satoshi-era wallets have awakened, typically transferring their holdings to new addresses or exchanges, indicating that their owners may be capitalizing on the massive profits after a decade of dormancy.

Whale Alert

The Bitcoin network has reached a significant milestone by processing its one billionth transaction, as shown on Clark Moody’s Bitcoin dashboard. This landmark event occurred 15 years after the creation of Bitcoin by the pseudonymous Satoshi Nakamoto, who mined the first block on January 3, 2009. On average, the network has handled 178,475 transactions daily over its 5,603-day existence, not including transactions on the Lightning Network, which focuses on micropayments and processed an estimated 6.6 million transactions in August 2023 alone.

The surge in Bitcoin transactions was notably influenced by the network’s fourth halving event on April 20 and the launch of the Runes protocol at block 840,000, which saw a record 926,000 transactions on April 23. Although the daily transaction count has since decreased to 660,260 as of May 4, Bitcoin’s transaction volume remains robust compared to other cryptocurrencies. Despite this achievement, Bitcoin still trails behind Ethereum, which has processed over 2 billion transactions since its inception in July 2015. Currently, Bitcoin’s price stands at $63,750, reflecting a 12% increase from recent lows but still down 13.6% from its all-time high.

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