The Bitcoin network has recorded its lowest activity in the past 19 months: the seven-day moving average (7DMA) of transaction volume has decreased to around 317,000 transactions per day. This volume is the lowest since October 2023, when the number of daily transactions dropped to 269,000.
This is reported by Finway
Despite Bitcoin’s price remaining near historical highs, the network is showing a significant decline in transactional activity. Specifically, on June 1, 2025, only 256,072 transactions were recorded, confirming a drop in interest in using the blockchain for transfers.
Miners Seek Alternative Income
The decrease in the number of transactions has also impacted the strategies of Bitcoin miners. Some have started to include transactions with fees below the standard threshold of 1 satoshi per vB – the minimum level for relaying in Bitcoin Core. For instance, Mempool founder Mononaut reported that his transaction with a fee of just 0.1 sat/vB (approximately $0.01) was processed by the MARA miner through the low-fee Slipstream channel.
“This was an individually crafted, lovingly engraved transaction, cut from the best hexadecimal characters,” wrote Mononaut.
The decline in revenue from traditional transactions is forcing miners to experiment with alternative ways to generate profit, including processing transactions with minimal fees.
Discussion on Decentralization and Fee Approaches
On June 6, 31 Bitcoin Core developers published an open letter emphasizing that network nodes should not block the relaying of transactions with low fees or non-standard structures if miners are willing to confirm them. According to the developers, this is necessary to maintain the decentralized nature of Bitcoin.
“This is not about supporting non-financial data, but about accepting that as a censorship-resistant system, Bitcoin will be used for purposes that not everyone agrees with,” the letter states.
The developers warned that users transitioning to private channels like Slipstream could weaken the network’s decentralization and create new risks for the ecosystem. However, not everyone in the community supported this position. Jan3 founder Samson Mow criticized the developers’ proposals, stating that such actions would contribute to increased spam in the network.
As of the time of this writing, the price of Bitcoin is $106,153, according to TradingView data.
Analysts believe that the current price range of Bitcoin remains unstable and largely dependent on news developments.