Increasing interest from investors has led to the growth of block sizes in Bitcoin (BTC).
Data presented by CryptoQuant analyst Yonsei revealed that the block size, which is shaped by the amount of transactions in a Bitcoin block, increased in parallel with the recent increases.
With the rise in price in recent months, the Bitcoin block is almost 50% growth while living behind the volume Ordinals (ORDI) with projects such as Inscription ecosystem and increasing number of users.
Inscriptions are of great interest and project in ORDI. $1 billion market value With its exceeding, it has significantly exhausted the Bitcoin network in the past period. However, in the upward momentum that started with the approval of the spot Bitcoin exchange traded fund (ETF), investors purchase and sale And Other transactions on the Bitcoin network was also a factor in the growth of block size.
Increased investor interest and number of transactions bull signal While it was interpreted as , the recent increases were seen as a confirmation of this signal.
Although this increase in block size does not directly affect Bitcoin miners, it does mean that they spend more time transmitting through the network. In this case, indirectly more mining to the competition It leads. On the other hand, the increase in the amount of transactions on the block causes miners to more earnings It helps to provide.