Blockchain transaction volumes: Bitcoin continues to lead with more than $1 trillion in transactions

According to data presented by cryptocurrency researcher and IntoTheBlock ambassador Slim Daddy, the volume of transactions processed by various blockchains is showing significant growth. Bitcoin is still in the lead, topping the $1 trillion mark, with Ethereum in 2nd place at over $640 billion despite the high competition. An interesting trend was the dramatic growth in the Base network, which increased transaction volume from $7 billion at the beginning of the year to $182 billion by November. This demonstrates the continued interest in Layer 2 solutions and their integration into the real and digital economies. Litecoin, Dogecoin and Bitcoin Cash are also showing stable performance, which confirms their resilience amid market volatility. Optimism and Arbitrum networks continue to grow in volume, attracting decentralized finance (DeFi) projects due to lower fees and high bandwidth.

Base’s growth, according to experts, points to the increasing interest of users and developers in alternative blockchains. This is due to the increasing number of applications and simplified interoperability with Layer 2 solutions, which reduces the load on the core networks.

Current indicators also confirm the reallocation of capital between blockchains

.

Such changes are due to the optimization of commission costs, as well as the wider adoption of the technology in various sectors of the economy. In general, analysts predict further strengthening of the position of Layer 2 solutions such as Base and growing interest in alternative networks. This is due to their increased capacity and ability to support growing transaction volumes in the future.