Bitcoin volume hits a new low in nearly 8 months, developers have differing views on low-fee transaction processing.

On-chainStrategist · 2025-06-09T02:26:19+00:00

The Bitcoin network's transaction volume has dropped to a new low in October 2023, with miners seeking low-fee transactions. Developers oppose the filtering of low-fee transactions by nodes, emphasizing the characteristic of decentralization. Some individuals hold different views, believing that such behavior undermines the transaction protection mechanism.

On-chainStrategist

2025-06-09 02:26:19

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According to reports, the average Bitcoin network volume over seven days had fallen to 317,000 transactions last Friday, marking a new low since October 2023. Due to the low trading activity, some miners have begun to look for transactions with fees below the Bitcoin core default relay threshold (1 sat/vB). Mononaut pointed out that one of their transactions was submitted to the Bitcoin mining company MARA (formerly Marathon Digital), which publicly operates a non-standard low-fee transaction channel called Slipstream.

On June 6, 31 Bitcoin core developers signed an open letter opposing node filtering of low-fee or non-standard transactions, emphasizing the essential property of Bitcoin as a censorship-resistant system. The developers pointed out that forcing users to use private channels such as Slipstream would undermine decentralization. This position was opposed by Samson Mow, founder of Jan3, among others, who argued that the core developers are removing protective mechanisms against spam transactions.

BTC-2,45%

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