This chart tracks the throughput of the Bitcoin`s base blockchain. Transactions and value transmitted on layer-2, such as sidechains and the Lightning Network, are not included.
Since a Bitcoin transaction may have many payment outputs, in this chart we are tracking the cost per payment output. This accounts for transaction batching, a technique used by exchanges where many payments are efficiently rolled into a single transaction.
Payment count inside a single transaction is estimated by counting the total outputs and subtracting one, with the assumption that it is the unspent change (UXTO).
Data used to determine payments per second via Bitcoin Visuals. Transactions per second and USD value transmitted via Blockchain.com.