Fifteen years after its launch, Bitcoin has surpassed the 1 billion transaction figure. The transaction in block 842,241 was confirmed at 9:34 pm UTC on May 5. It took 5603 days and 800 weeks to reach the 1 billionth transaction.

The Runes protocol, which emerged after the recent halving, led to a significant increase in the number of transactions on the Bitcoin blockchain. This also accelerated the arrival of the 1 billion transaction level. A few days after the halving, on April 23, the number of transactions on the Bitcoin blockchain exceeded 926,000. This was also a record for the chain.

Bitcoin, the oldest and first blockchain, has surpassed 1 billion transactions, while Ethereum, the second largest cryptocurrency, is at 2.4 billion.

The chart below shows the trajectory of the number of transactions on the network since Bitcoin’s inception.

At the time of writing, the largest cryptocurrency is trading at around $64,200.