Bloomberg data shows bitcoin network transaction volume has declined from 600,000–700,000 daily in 2024 to approximately 500,000 in 2025. However, settlement values remain elevated, with over $7 billion worth of cryptocurrency transactions processed daily this year.
According to experts at XBTO Trading LLC, the entry of institutional players has driven increased trading volumes and broader bitcoin demand across various organizations. Overall, many retail traders will likely purchase token-backed ETF shares rather than buying the cryptocurrency on exchanges.
So the amounts of each completed trade on the network have increased despite the number of transaction have declined, Bloomberg reports.
As the news agency notes, bitcoin ETFs have attracted over $131 billion since their US approval in January 2024. The cryptocurrency hit a record high of $111,980 on May 22 and has surged more than 50% since Donald Trump’s re-election in November.
The surge in bitcoin demand coincides with the emergence of traditional trading tools for the cryptocurrency.