We just hit a new record of average monthly transactions per day

[coinableS]

The main reason of bitcoin Tx volume increase is not more bitcoin usage. The main reason is more & more apps are implementing the 1 address per Tx policy and as it employs forwarding of the balance to the main address, the overall Tx volume is increasing. Moreover, some online wallets are spreading cold wallet balance on multiple addresses. That is another reason of Tx volume increase.

Unless these wallet providers are spreading their cold storage around every day it wouldn't have an effect on the daily tx volume.

[SpanishSoldier]

The main reason of bitcoin Tx volume increase is not more bitcoin usage. The main reason is more & more apps are implementing the 1 address per Tx policy and as it employs forwarding of the balance to the main address, the overall Tx volume is increasing. Moreover, some online wallets are spreading cold wallet balance on multiple addresses. That is another reason of Tx volume increase.

Unless these wallet providers are spreading their cold storage around every day it wouldn't have an effect on the daily tx volume.

That is only the second part of my statement. First part do give rise to daily volume.

[ChuckBuck]

I'll take any positive bit of news or numbers to help me drown my sorrow or block out the pain at Bitcoin's forever dropping price...

But hey!  We got people actually using the thing!  Gotta keep truckin' on.

[coinableS]

The main reason of bitcoin Tx volume increase is not more bitcoin usage. The main reason is more & more apps are implementing the 1 address per Tx policy and as it employs forwarding of the balance to the main address, the overall Tx volume is increasing. Moreover, some online wallets are spreading cold wallet balance on multiple addresses. That is another reason of Tx volume increase.

Unless these wallet providers are spreading their cold storage around every day it wouldn't have an effect on the daily tx volume.

That is only the second part of my statement. First part do give rise to daily volume.

Agreed, I can see how the one address per tx and then forwarding that input to a main address will turn one transaction into two transactions. This option has been used for a while, so I wouldn't be surprised if actual usage is increasing as well.  

[TaunSew]

The main reason of bitcoin Tx volume increase is not more bitcoin usage. The main reason is more & more apps are implementing the 1 address per Tx policy and as it employs forwarding of the balance to the main address, the overall Tx volume is increasing. Moreover, some online wallets are spreading cold wallet balance on multiple addresses. That is another reason of Tx volume increase.

Perhaps also coloured coins adding blockchain bloat to BTC too.

[cakir]

I think that chart is meaningless by itself.
We need average transferred bitcoin daily chart & equivalent usd chart (of course bitcoin prices should be matched).

Let's say if there were 10k daily transaction, 20k bitcoin transaction and 1 mil $ transfer last year, and now 100k daily transaction, 30k bitcoin transaction and 0.75 mil $ transfer this year that means bitcoin loose power and less people uses it to transfer money...

As I said before, maybe dust transactions provided such ratio who knows?

[ensurance982]

Awesome. I mean, sure - it's not a metric that can't be manipulated or influenced rather easily, but still good to see we're not going down or anything, even during these dire times!