CoinVoice has recently learned that, according to The Block, Bitcoin on-chain trading activity has dropped to its lowest level in a year and a half, with the 7-day moving average trading volume falling to 316,000 last week, currently slightly rebounding to about 350,000, far below the peak of 700,000 in mid-2024.
As the speculative frenzy around Bitcoin’s native protocols like Runes and Ordinals fades, traders’ interest shifts to other blockchain ecosystems. Since the beginning of the year, Bitcoin transaction fees have consistently remained below $1.50, indicating minimal competition for block space and a return to traditional transfer uses. Some users attempt to initiate transactions with fees below 1 sat/vB, while the mining pool MARA launches the “Slipstream” channel to handle ultra-low fee transactions, sparking a debate among Bitcoin developers about network standards and censorship resistance.
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