On Dec. 24, 2023, Bitcoin shattered yet another daily transaction milestone, with miners confirming 723,459 transfers in a single day. The transaction rate on Christmas Eve exceeded the former peak of 710,579 verifications on Nov. 19, 2023.
Bitcoin’s Festive Feat — Record Transactions and Hashrate Soar on Christmas Eve
Throughout the festive weekend, the Bitcoin network set two fresh records. On Christmas Eve, the network achieved a historic high with 723,459 bitcoin transactions confirmed by miners in a single day. It surpassed the previous high of 710,579 set 36 days earlier by an impressive margin of 12,880 transactions. The marked surge in daily transactions on Dec. 24 primarily stemmed from Ordinal inscriptions, contributing a considerable volume of the day’s transfers.
Dune Analytics data indicates that about 439,505 Ordinal inscriptions were verified on Sunday. Consequently, inscriptions outpaced traditional financial transfers, making up 60.75% of all transactions on Chr
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