Bitcoin network activity jumps 9% to over 660,000 active addresses

Active addresses on the Bitcoin blockchain have climbed roughly 9% to surpass 660,000, a notable uptick after what has been a prolonged period of declining on-chain engagement.

The bigger picture on active addresses

To understand why 660,000 active addresses matters, you need to know where Bitcoin has been. The network hit a 7-day moving average of around 938,609 active addresses back in August 2025. That was the recent peak.

From there, activity steadily eroded. By December 2025, the same metric had cratered to approximately 660,000, marking the lowest reading in 12 months. That’s a decline of more than 30% from the summer high.

The decline through late 2025 wasn’t happening in isolation. Daily miner revenue dropped from roughly $50 million to $40 million over the same stretch. Much of the elevated activity seen in 2024 and early 2025 was fueled by Ordinals and Runes, two protocols that brought NFT-like inscriptions and token creation to Bitcoin’s base layer. When the novelty faded, so did the addresses showing up to use the network.

Transaction counts vs. actual economic activity

By June 2026, daily Bitcoin transactions surged past 800,000, the highest level recorded since 2024. However, a significant chunk of that spike came from low-value protocol transactions rather than meaningful economic transfers.

What miner economics tell us

The slide from $50 million to $40 million in daily miner revenue during late 2025 was a 20% haircut. If miners need to sell more Bitcoin to cover electricity bills, that adds selling pressure to the market. Conversely, if revenue stabilizes or climbs alongside rising active addresses, it validates the network recovery thesis.

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