Bitcoin transaction activity drops to lowest level since October 2023, low-fee transactions spark controversy

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Wu Blockchain
15 hours ago
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The 7-day average transaction volume of the Bitcoin network has dropped to approximately 317,000 transactions, the lowest level since October 2023, despite BTC price being close to its all-time high. On June 1st, only 256,000 transactions were packaged, and some miners have started accepting transactions below the default relay standard (1 sat/vB). On June 6th, 31 Bitcoin Core developers issued a joint letter opposing node filtering of low-fee or non-standard transactions, arguing that this deviates from Bitcoin's anti-censorship principles and warning that private channels like Slipstream could undermine decentralization. (TheBlock)

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