, 4 tweets, 2 min read Read on Twitter
The recent collapse in BTC transaction count seems to correlate with the end of the Veriblock testnet (on March 4th) which was accounting for 20-30% of BTC transactions

coinmetrics.io/charts/#assets…
It's possible, as Trustnodes suggests, that a Venezuelan blackout was responsible for some of the drop, but the Veriblock testnet ending correlates perfectly with the drop and would explain the entire decline.

trustnodes.com/2019/03/10/bit…
Veriblock's mainnet launches on March 15 so expect a bump to txn count then
To put it another way, tx count (red) is just converging to the active address (blue) trend. They became decoupled in late 2018 when the Veriblock testnet began. The seasonality you see is Bitcoin's lower usage on the weekend.

coinmetrics.io/charts/#assets…
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to CoinMetrics.io
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!