Quote from: stompix on August 19, 2025, 04:29:21 PM

You're forgetting a few thing

Yes, you're of course correct, probably most of the movements would not really constitute a part of a "GDP". But even if 80% of the "sent coins" (excluding the change) would be covered by consolidations by service providers, mixing/coinjoins and other use cases, I would have still expected a lower value.

I'd love to see some stats about this but I haven't found any charts about consolidation transactions as I expect them to be the biggest group of "non-GDP transactions" due to their generally huge value and their efficient space usage. At mempool.space it seems that consolidations make up around a third of the transaction size. Judging by the incentives to move coins for a certain fee, I expect the impact in the "sent USD" to be a little bit higher. I'd estimate it at 50%.

Edit: Found that chart: https://cryptoquant.com/asset/btc/chart/exchange-flows/exchange-in-house-flow-total (sign in required, but free). It is only exchanges, so the consolidations of casinos and other service providers are not included. The numbers are however very high: about 150,000 BTC per day (between about 60,000 and 300,000). 150,000 per day would be 13,5 million coins per quarter, or about 1,5 billion USD, so that would make up a bit more than half of the total sent coins (around 60-65%). That indeed seems to be the main explanation for the high amount of sent coins per day.