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The Bitcoin Network & Visa Now Have Similar Daily Transaction Volumes (1-minute audio clip from Anthony Pompliano)

The Bitcoin Network & Visa Now Have Similar Daily Transaction Volumes (1-minute audio clip from Anthony Pompliano)



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4 Comments

  1. Transaction volume to me means number of transactions. What’s talked about here is the dollar amount.

    Still impressive, but the title is a bit misleading when we all know visa’s strong suit is the number of small transactions it processes.

  2. Latest report I can find from visa is q2 2021 that shows 192 billion payments in the last 12 months for a total of $9.2 trillion.

    9200000000000 / 365 = ~$25 billion / day

    Looks like that number checks out. Only question will be how much of that btc volume is single whales doing large transfers or just consolidating funds vs a proper network of peers interacting. We can do some math to determine txs per second on visa:

    192000000000 / (60×60×24×365) = ~6000 txs per second.

    That of course is just the average over the whole year, may spike up higher or lower on certain days or time of day.

    Does anyone have data on how many txs were actually executed through lightning last 12m? Or even any stats on tx count regardless of timeframe. I can’t seem to find a good source on actual lightning tx counts, only node counts or theoretical throughput. The only actual tx counts I can find are for on chain txs which we’ve already known for years is limited to less than ~10/sec so that isn’t helpful. It would be interesting to see if btc is starting to gain any ground on tx count as well.

What do you think?

The entire market capitalization of cryptocurrencies has declined to a low of $1.7 trillion today, a down of 16.5 % in 48 hours.

Bitcoin falls below $56,500 as the entire crypto market sees red.

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