That's transaction volume in Bitcoin. If anything, it has gone down in two years. Do you think it might be, you know, because the value of 1 Bitcoin has increased thousands of percent, maybe?
Sorry, wrong chart. Here's
the last year of block chain transaction rate. Up and down a bit, around 60,000 a day now, and around 50,000 a year ago. Peak was around 100,000/day, for one day. Blockchain capacity is around 500,000 transactions per day, so we're still an order of magnitude below capacity.
The daily tx volume chart is very volatile so looking at daily amounts can hide the underlying trend. By my math in the last 180 days there were 11.7M txs, the six months prior it was 8.8M txs, the six month prior to that was ~8M txs.
On a year over year basis tx volume (trailing twelve months) tx volume has almost doubled (from 40K per day to 57K per day). Blockchain's chart has moving averages which make the trend a little more clear. The 7 day can be changed to any value although the they way they compute it means the first x days are not averaged so that is why the chart looks a little weird.
A 180 day moving average of transaction volume:
https://blockchain.info/charts/n-transactions?timespan=2year&showDataPoints=false&daysAverageString=180&show_header=true&scale=0&address=As for the network supporting 500K tx per day that is not true. The network is capped by block size not tx volume. To support 500K tx per day on 1MB blocks would require the average tx to be only 288 bytes. While many txs are there are tx which are many magnitudes larger and that drags the average tx size is closer to 800 bytes. In theory if all miners produces exactly 1MB blocks that would be 180,000 tx per day. Fees may rise long before we reach 180K tx per day because that assumes all blocks are 1MB, however most miners do leave some tx out of the next block either due to arbitrary block sizes (250KB cap still appears to be rather common) or due to low/no fee.
