#OnChainLendingSurge

The on-chain surge refers to a significant increase in activity on a blockchain network. This can be measured by various metrics, such as the number of transactions, transaction volume, and network congestion.

In the context of Bitcoin, the on-chain surge is often associated with increased adoption and demand for the cryptocurrency. For instance, a surge in on-chain activity can indicate a growing number of users, increased transaction volume, and rising network congestion.¹

Some key indicators of an on-chain surge include:

- *Increased Transaction Volume*: A rise in the total value of transactions processed on the blockchain network.

- *Growing Network Congestion*: An increase in the number of unconfirmed transactions, leading to higher transaction fees and slower processing times.

- *Rising Active Addresses*: An increase in the number of unique addresses actively participating in transactions on the network.

These indicators can provide valuable insights into the overall health and adoption of a blockchain network, helping investors and analysts make informed decisions.²