Bitcoin just settled $31 billion worth of BTC transactions in a single day

[Nikawe]

While the network has witnessed a drop in the figures of its settlement to around $12 billion now, it doesn’t negate the fact that the network has witnessed a 40x growth in its settlement value from the previous year when the figures were well below $10 billion. Neither does it reduce the fact that Bitcoin has become increasingly mainstream as we have witnessed a number of mainstream and institutional adoption.

Popular crypto market analyst, Willy Woo, speaking on this growth stated that Bitcoin’s growth has been phenomenal because judging by its settlement numbers, it means the asset is “presently doing ~$190k per second. Compare this to $130k per second by Visa for US customers and $55k per second for Mastercard.”click