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Bitcoin Transaction Volumes Hit 18-Month Low

Joshua Trelawen by Joshua Trelawen
June 29, 2025
in Bitcoin News
cityscape bitcoin decline artwork
Key Takeaways:
  • Bitcoin’s transaction volume decreased as NFT activity waned.
  • Volumes dipped significantly before slightly improving recently.
  • NFT and tokenization hype dwindles on Bitcoin’s network.
bitcoin-transaction-volumes-hit-18-month-low
Bitcoin Transaction Volumes Hit 18-Month Low

Bitcoin’s transaction volumes have reached an 18-month low, influenced by dwindling interest in Bitcoin-native NFTs. This drop occurred as daily transactions fell to a low, with volumes now showing mild recovery.

The decreased transaction volume signals shifting trends as Bitcoin’s use moves away from NFT-driven protocols, affecting network dynamics and developer interests.

The Bitcoin Core development community and influential figures are witnessing a notable shift as daily transactions dropped by approximately 50%. While experts monitor the situation, no official comments have been reported.

Immediate impacts include reduced interest in using Bitcoin’s network for NFT and token projects. Transaction fees remain low, indicating less block space demand. This downturn underscores Bitcoin’s return to traditional use rather than expansive NFT development.

Financially, this trend has little impact on BTC’s price or liquidity. Low transaction fees reflect diminished network use, related to decreased NFT and token transactions following the fading excitement around Bitcoin Ordinals and Runes.

As interest declines in Bitcoin’s NFT ecosystem, some developers are migrating towards smart contract-enabled platforms like Ethereum. There’s potential for future regulatory or technological developments impacting Bitcoin as network usage evolves back to primarily financial transfers.

Transactions have seen a 50% reduction from the 2024 peak, indicating a shift as usage of Bitcoin-native protocols like Ordinals and Runes has decreased. This is reflected in the drop to a 7-day moving average of around 316,000 transactions per day.
Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

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Joshua Trelawen

Joshua Trelawen

Blockchain Researcher | Investigations Reporter | Tokenomics and Liquidity Analyst
Joshua Trelawen is a senior crypto researcher and reporter whose work focuses on the evidence beneath market narratives. At TheCCPress, he covers fraud signals, liquidity shifts, whale behavior, tokenomics, and the structural weaknesses that often sit behind high-confidence crypto stories. He is a strong fit for coverage that needs more than commentary and requires a careful reading of data, incentives, and market behavior.

“A good investigation does not just identify what looks suspicious. It explains the structure that made it possible.”

Profile
- Gender: Male
- Born: September 1990
- Based: Tallinn, Estonia
- Company: TheCCPress
- Website: https://theccpress.com/
- Coverage Focus: Investigations, fraud, collapse, tokenomics, liquidity, power structures

Experience
Joshua has spent more than a decade working across crypto research, journalism, and market analysis. His background includes advising research teams, interpreting on-chain data, following liquidity movements, and writing for audiences that need both context and precision. At TheCCPress, that makes him an ideal fit for investigations and stories where token structure or capital flows are central to the truth of the story.

Background
Trained in economics and finance, Joshua built a professional reputation around translating complex data into readable reporting. Although his earlier work covered broad crypto and DeFi topics, his value to TheCCPress lies in his ability to investigate how ecosystems are funded, how narratives are sustained, and where risk is being disguised as innovation.

Achievements
Joshua has published deep-dive reports on DeFi hacks, whale behavior, liquidity risk, and token valuation. He is particularly strong when a story needs to move from rumor or public narrative into a more disciplined explanation of what the evidence can actually support.

Work Style
His work style is analytical, source-led, and skeptical without being theatrical. Joshua is most effective when he can take a complex market or token story and show readers the structure underneath it: where the incentives sit, where the pressure points are, and where the narrative does not hold.

Skills
His core strengths include on-chain analysis, tokenomics research, investigative reporting, market-risk interpretation, data-backed feature writing, and long-form explanatory journalism. He is most useful on stories that require technical confidence and editorial restraint at the same time.

Additional Information
Within TheCCPress, Joshua is a natural fit for investigations/fraud, investigations/collapse, power/vcs, and selected conflicts/company stories. He strengthens the site’s ability to investigate systemic risk and questionable market structures.

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