Bitcoin block 974961 included 11,255 transactions, raising t
PANews and Wu Blockchain reported that Bitcoin block 974961, mined by Antpool, contains 11,255 transactions, the second-highest in history, 984 fewer than the 2015 record of 12,239. The block used nearly 99.85% of the weight limit, with total fees of about 0.002405 BTC; sources say the high density is related to small transactions such as Runes minting.
Event Timeline
- [11-09 00:20] Bitcoin block 974961 contains 11,255 transactions, the second-highest block by transaction count (PANews)
- [11-09 00:34] Bitcoin block 974961 contains 11,255 transactions, setting the second-highest record for transactions in a single block (Wu Blockchain)
Background and Impact
According to reports by PANews and Wu Blockchain on November 9, Bitcoin block 974961, mined by Antpool, packaged 11,255 transactions, making it the second-highest block by transaction count in the network's history, 984 fewer than the record of 12,239 set by block 367853, mined by F2pool on August 1, 2015. The two sources differ on details: Wu Blockchain said the block was mined on November 7, citing a Bitcoin News report; PANews did not specify the mining time and cited Bitcoin.com News. Neither report explained the discrepancy.
On on-chain data, PANews said the block was about 1.1 MB in size, used nearly 99.85% of the block weight limit, and had total fees of only about 0.002405 BTC; Wu Blockchain gave the same block size and fee figures and added that 10,585 transactions in the block had a fee rate below 1 satoshi per virtual byte. PANews also noted that block 974557 on November 4 had previously ranked second in history with 10,573 transactions, a position that has now been taken over within the month by block 974961, while the 2015 record of 12,239 remains unbroken.
In terms of background, Wu Blockchain cited reports noting that the recent high-density blocks are related to small transactions such as Runes minting, and explicitly cautioned: an increase in the number of transactions per block does not equate to growth in Bitcoin payment demand or transfer amounts. In other words, a block filled with a large number of low-fee transactions may reflect changes in transaction structure and block-building strategy rather than a simultaneous expansion in on-chain fund volumes.
For market observers, the reference value of this data set lies in distinguishing between the two dimensions of "transaction count" and "transaction demand." Block weight was nearly 99.85% used, yet fees totaled only about 0.002405 BTC, showing there is no necessary link between a high transaction count and high fees; treating a block's transaction count directly as an indicator of market conditions or adoption can easily lead to misreading. Many users, after entering the market through entry points such as 火币HTX注册APP下载, 芝麻Gate.io注册APP下载, Bitget注册APP下载, 币安binance注册APP下载, and 欧易OKX注册APP下载, will view on-chain data and market panels at the same time, making it particularly necessary to distinguish between these two types of indicators.
Frequently Asked Questions
### How far is 11,255 transactions from the historical record?
The gap is 984 transactions. The historical record is 12,239, set by block 367853 mined by F2pool on August 1, 2015; block 974961 ranks second.
### Does a nearly full block mean network congestion and rising fees?
Although the block used nearly 99.85% of the weight limit, total fees were about 0.002405 BTC, and 10,585 of the transactions had a fee rate below 1 satoshi per virtual byte. Sources point out that the high density is related to small transactions such as Runes minting, and an increase in transaction count does not equate to growth in payment demand.
### What inconsistencies are there between the two sources' reports?
Wu Blockchain said the block was mined on November 7 and cited Bitcoin News; PANews did not specify the mining time and cited Bitcoin.com News. The other core figures — 11,255 transactions, 984 fewer, about 1.1 MB, and about 0.002405 BTC in fees — are consistent between the two.