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The Bitcoin network processed its one billionth transaction while a BTC address that had been dormant for a decade transferred more than $44 million in the leading crypto earlier today.
Bitcoin’s one <a href="https://mempool.space/block/00000000000000000001db6de4f4995bdbfbbeba598f4913154b85c5c3520103?showDetails=false&amp;view=actual#overview" rel="noopener noreferrer nofollow">billionth transaction</a> took place during block 842,241 at 9:24 p.m. UTC on May 5, Clark Moody’s dashboard <a href="https://bitcoin.clarkmoody.com/dashboard/" rel="noopener noreferrer nofollow">shows</a>. This is exactly 15 years, 4 months and 4 days since the first block was mined on the network on Jan.3, 2009 by Satoshi Nakamoto.
<img decoding="async" src="https://images.moneycontrol.com/static-mcnews/2021/11/Bitcoin-770x433.jpg?impolicy=website&amp;width=770&amp;height=431" alt="Bitcoin tops $68,000 mark: What led to the rally?">
<h2 id="span-style-font-weight-400-bitcoin-processed-around-178-475-transactions-a-day-since-its-launch-span">Bitcoin Processed Around 178,475 Transactions A Day Since Its Launch</h2>
<a href="https://insidebitcoins.com/news/bitcoin-price-prediction-the-bitcoin-network-passes-1-billion-transactions-as-investors-turn-to-this-innovative-learn-to-earn-crypto-for-10x-gains" rel="noopener noreferrer nofollow">Bitcoin</a> has processed approximately 178,475 transactions per day since its inception. However, this does not include transactions that were facilitated on the Lightning Network.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> has officially processed over 1 billion transactions. <a href="https://t.co/kS704YYoW5" rel="noopener noreferrer nofollow">pic.twitter.com/kS704YYoW5</a>
 — Wicked (@w_s_bitcoin) <a href="https://twitter.com/w_s_bitcoin/status/1787240456197222632?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 5, 2024</a>
</blockquote>
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The prominent layer 2 protocol processed around 6.6 million transactions in August 2023 alone, according to data from the Bitcoin-focused exchange platform, <a href="https://river.com/learn/files/river-lightning-report-2023.pdf?ref=blog.river.com" rel="noopener noreferrer nofollow">River</a>. This suggests that hundreds of millions of transactions were processed on the Lightning Network since it launched at the start of 2018.
There was a spike in the number of daily transactions on the Bitcoin network during the fourth halving event on Apr. 20. Token holders remained active on the blockchain after the historic event as well, with a <a href="https://studio.glassnode.com/metrics?a=BTC&amp;category=&amp;m=transactions.Count&amp;mAvg=0&amp;mMedian=0&amp;s=1676297977&amp;u=1714003200&amp;zoom=" rel="noopener noreferrer nofollow">record high</a> of 926,000 transactions processed on Apr. 23.
<h2 id="span-style-font-weight-400-sleeping-btc-whales-awaken-and-transfer-millions-of-dollars-in-bitcoin-span">Sleeping BTC Whales Awaken And Transfer Millions Of Dollars In Bitcoin</h2>
Dormant BTC whales have come alive in the past few weeks. Earlier today, a wallet that had been inactive for over a decade transferred its entire holdings of 687.33 Bitcoins. This address had received the BTC when the crypto was trading for $917 on Jan. 12, 2014, according to the on-chain tracking platform Lookonchain.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 A wallet that has been dormant for 10.3 years transferred all 687.33 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>($43.94M) out 10 mins ago.
 The whale received 687.33 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>($630K at that time) on Jan 12, 2014, when the price was $917.
 Address: 15WZNLACuvcDrrBL2btDErJggnaMQtHh5G <a href="https://t.co/tEPqM0CrrK" rel="noopener noreferrer nofollow">pic.twitter.com/tEPqM0CrrK</a>
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1787338123154006161?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 6, 2024</a>
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Another wallet that had not transacted since 2019 moved $6 billion worth of the leading crypto in March this year. This is after 50,000 dormant BTC was moved less than a week before the January approval of several spot <a href="https://insidebitcoins.com/news/u-s-representatives-push-for-sec-approval-of-bitcoin-options-trading" rel="noopener noreferrer nofollow">Bitcoin</a> ETFs (exchange-traded funds) in the United States.
Meanwhile, BTC <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">managed</a> to climb over 1% in the last 24 hours to trade at $64,553.72 as of 4:15 a.m. EST. With this latest gain, BTC’s weekly performance was pushed deeper into the green zone. As a result, the crypto’s price is up more than 3% over the past week.
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Bitcoin Processes Its 1 Billionth Transaction As A BTC Whale Breaks Its 10-Year Slumber With $44 Million Transfer

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