Hello!

It’s been an exciting week in the Bitcoin Economy!

Let’s explore the data 👇️ 

Charts of the Week

Bitcoin

Bitcoin ended the week up 5.6% and showing signs of strength.

The average number of transactions per block on the Bitcoin network are at an all-time high of 4,269 in September.

As noted by Signal21 earlier in the week, Bitcoin activity continues to outpace Bitcoin price—a potentially bullish setup.

Bitcoin L2 Overview

The Bitcoin L2 landscape continues to develop rapidly. Signal21 data now officially reports that there are more daily transactions on Bitcoin L2s than on the Bitcoin L1.

Explore the Bitcoin L2 Compare dashboard on Signal21.

Stacks

The Stacks Foundation announced that the Stacks Core Developers have selected Bitcoin block number #864864 for the Nakamoto hard fork, scheduled for October 9th. This will be a monumental moment for Stacks, enabling 5 second transactions and paving the way for sBTC, which plans to go multi-chain to Aptos and Solana.

Here’s a snapshot of active users and transactions across key Stacks DeFi protocols. ALEX, Velar and Bitflow continue to lead the way.

Explore the Stacks DeFi dashboard on Signal21.

Signal21 Updates

This past week, Signal21 partnered with Zero Authority DAO to launch a community bounty for the design of a new Twitter icon for Signal21. We invite all creative contributors to submit their designs for consideration!

Thank you to everyone for sharing those charts, and being part of the Signal21 Community!

Sincerely,

Jonathan Sadlowe

Co-founder & CEO at Signal21