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The transaction volume of Bitcoin Layer 1 (BTC) in 2018 was $ 3.2 trillion. In addition, over $ 2.2 trillion worth of Bitcoin was traded in the past year, almost four times the amount traded in 2017, despite falling prices.
$ 3.2 billion transferred despite lower price
Twitter account Satoshi Capital Research (@chartingbitcoin) at sharing statistics on Bitcoin's performance in 2018 compared to previous years.
As a result, the total Bitcoin trading volume for 2018 is $ 2.2 million trillion, which is more than the Bulgarian lev (BGN) trade volume and just behind the Chilean peso. It is also almost four times the volume of transactions in 2017, or $ 858 billion.
In addition, the value transferred is denominated in USD. Therefore, the decreasing price of 2018 should also be taken into account.
Meanwhile, the total volume of transactions in the channel was $ 3.2 trillion in 2018, not counting the second layer of Lightning Network, which was rapidly growing to more than 5,200 nodes and more than 19,000 channels. at the end of last year.
A world currency
Aditionellement, Bitcoinist recently reported that Bitcoin transactions have reached an annual peak of 325,000 confirmed transactions per day.
In 2017, only about 10% of Bitcoin payments had been made using the Segregated Witness (SegWit) protocol. This number has increased significantly in 2018, with SegWit transactions accounting for 40% of all Bitcoin network transactions.
Satoshi Capital Research stresses that the above fact "consolidates" Bitcoin's position as a global currency, with BTC now recording larger volumes than the Argentine peso and the Bulgarian lev.
Earlier in January, during his first New Year's show, Max Keizer said the new world reserve currency would still be Bitcoin.
What do you think about Bitcoin's performance in 2018? Do not hesitate to let us know in the comments below!
Images courtesy of Twitter / @ chartingbitcoin, Shutterstock
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