The average daily number of Bitcoin transactions has dropped by 46% since mid-September

Dune data shows that Ordinal minting has dropped significantly since mid-September, resulting in a decrease in the number of daily confirmed Bitcoin transactions. Inscription casting volume plummeted on September 24, 2023, and has not rebounded since. As of block height 813,333, the inscription casting amount is 35,377,327. From September 1 to September 15, 2023, the average daily number of Bitcoin transactions was 528,503. The situation this month is completely different: from October 1 to October 21, 2023, the average daily number of transactions was 284,704. This means that the average number of daily transactions in the first half of September was 46.13% higher than the first three weeks of October. In September 2023, the average number of confirmed Bitcoin transactions per day was approximately 489,165; in August, the average number of confirmed transactions per day was 464,969; in July, it was 455,893; in June, this number was 404,906. So far, the average number of daily transactions in 2023 is approximately 392,170; in 2022, this number will be 255,085. Although the average daily number of Bitcoin transactions in October fell by 46% compared to September, it increased by 53% compared with the same period the previous year. (Bitcoin.com)