Glassnode data analyzed by crypto slate shows that the average block size of Bitcoin (BTC) has reached a new all-time high of 2.25 megabytes (MB).
The graph above shows the average block size of BTC since the beginning of 2022. A recent spike has pushed the block size past 2 MB. This data shows that the block size continues to increase during writes.
Block size reflects the amount of data stored in one block. 1 MB size blocks have Enough space to store 2000+ transactions.
At launch, BTC had a maximum block size of 128 MB. However, in July 2019, a planned hard fork took place on the BTC blockchain, increasing the block size up to 2 GB.This size extended Can be expanded up to 4 GB with SegWit.
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