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Which projects and services are responsible for most of the Bitcoin transactions?

Project Transactions %
ABC 50
XYZ 20

I am interested to know which projects really contribute in paying more fees per day. Will be great if we could also get fee estimate paid by different types of projects and services. If not, more transactions can be assumed contributing more fees.

Reason: Analyze the downtrend in fees and its affect on Bitcoin based on below numbers.

fee-trend

1 Answer 1

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In the Lightning Conference 2019, Jameson Lopp mentioned that Exchanges are responsible for most of the bitcoin transactions. It is discussed in a tweet thread.

Exchanges

Bitcoin is not used much in darknet markets now because people realized privacy isn't the priority for many users and Bitcoin developers. Still, we can look at the relevant charts and see that most of the source and destination associated with DNMs are exchanges or mixing services.

origin-dnm

destination-dnm

There is volume and few other charts for LN, Bisq, Coinjoin implementations etc on https://bitcoinkpis.com/ however its difficult to know percentage of transactions and fees from this data.

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