The number of transactions (30-day Moving Average) on the Bitcoin (BTC) blockchain has exploded over the past three weeks, hitting a 17-month peak on April 10. The number of Bitcoin transactions (30D SMA), which shows the total number of confirmed on-chain transactions per day, has surged to 514,758 at press time. As such, the number of transactions (30D SMA) for BTC retested the same level it was in mid December 2024, according to metrics from Glassnode. ​ The number of Bitcoin transactions (30-day Moving Average)