Quick Take
As the curtain begins to fall in 2023, data reveals a striking trend in the Bitcoin network – the on-chain settlement value has surged remarkably. The total value of coins transferred on-chain, measured in US dollars, has witnessed a significant leap from $105 trillion at the start of the year to a staggering $113 trillion. This figure encapsulates the cumulative sum, an aggregate measure where each data point sums up all previous elements along with the current one in the…
