{"id":374172,"date":"2021-11-30T06:56:16","date_gmt":"2021-11-30T03:56:16","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-network-settling-an-average-of-95k-for-every-1-in-fees\/"},"modified":"2021-11-30T06:56:16","modified_gmt":"2021-11-30T03:56:16","slug":"bitcoin-network-settling-an-average-of-95k-for-every-1-in-fees","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-network-settling-an-average-of-95k-for-every-1-in-fees\/","title":{"rendered":"# Bitcoin network settling an average of $95K for every $1 in fees"},"content":{"rendered":"

“# Bitcoin network settling an average of $95K for every $1 in fees <\/strong>”<\/p>\n

The Bitcoin network\u2019s value settlement efficiency has been improving steadily recently, with more being settled for lower fees.<\/p>\n

Over the past week, the Bitcoin network has transferred or settled an average of $95,142 of value for every $1 worth of fees.<\/p>\n

The on-chain settlement efficiency has been gradually increasing since May as more has been moved around the network during the bull cycle.<\/p>\n

On-chain analyst Dylan LeClair made the observation using data from analytics provider Glassnode. The value is derived by dividing the mean transaction volume by the fees. <\/p>\n

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Over the last seven days the #Bitcoin<\/a> Network transferred an average $95,142 of value for every $1 worth of fees.<\/p>\n

The media<\/a>n transaction saw $751 of value transferred for every $1 worth of fees.#Bitcoin<\/a> is the most efficient monetary settlement network the world has ever seen. pic.twitter.com\/DzSwxCDKkd<\/a><\/p>\n

\u2014 Dylan LeClair (@DylanLeClair_) November 29, 2021<\/a><\/p><\/blockquote>\n