Crypto exchanges are now the largest consumers of Bitcoin (BTC) block space – with transactions related to them taking some 40% of that space, found the on-chain analytics firm Glassnode.
The share of block space used by crypto exchanges shows “a general upward trend,” which further corroborates the narrative of “Bitcoin’s pivot toward financial asset,” the analysts said.
Importantly, only a small number of exchanges consume the majority of block space….
Read More: Crypto Exchanges are Top Consumers of Bitcoin Block Space, Binance No 1
