According to IntoTheBlock, higher transaction counts reflect usage growth, signaling increased utility and a more engaged community, which are crucial for sustained growth. This is not necessarily driven by new users but indicates a healthy ecosystem.

According to IntoTheBlock, Bitcoin's market dominance has been steadily increasing since 2022, representing one of the longest periods of sustained growth on record. However, when measured by active users, Bitcoin's share has declined as more on-chain activity shifts towards Ethereum and other Layer 1 solutions.