More Bitcoin (BTC) transactions now use so-called Segregated Witness ("SegWit") engineering science than ever before, the latest data shows.

Co-ordinate to various resources including SegWit.Infinite, adoption of the protocol has reached up to 66% of all Bitcoin transactions as of Jan. 4.

Two in three BTC payments now SegWit

The volume underwent a pregnant increase in late 2022, jumping from around forty% in September to nearer threescore% in October.

The statistics, however, are field of study to variation. SegWit.Space, a dedicated monitoring resource, lists electric current SegWit propagation equally 66%. Other charts, such as transacationfee.info and Woobull, the data resource by statistician Willy Woo, currently put the figure at around 59%.

All iii nonetheless agree on the full general trend as highly bullish for SegWit, which has had a long road to credence since its release in 2022.

Bitcoin network SegWit transaction growth

Bitcoin network SegWit transaction growth. Source: SegWit.Space

Straggler exchanges come up on board

Designed to increase the speed and efficiency of Bitcoin transactions and reduce their bulk, SegWit initially saw slow implementation. Bitcoin proponents argued that exchanges reluctant to make an effort to adopt the technology were putting needless strain on the Bitcoin network.

Binance, one of the world'due south largest exchanges by volume, is yet to upgrade, and still uses legacy Bitcoin addresses.

The platform'south CEO, Changpeng Zhao, known equally "CZ" in crypto circles, claimed in May last year that developers would be working on addressing the issue. In October, well-known Bitcoin support Udi Wertheimer even pledged to personally annunciate Binance if SegWit appeared.

Derivatives behemothic BitMEX, some other exchange sector heavyweight, added native SegWit support to its operations last calendar month.