While Bitcoins price is still in recovery and a bulk of new inflows are from ETFs (off chain),
the on-chain data shows us network/ block space usage is breaking out, even without a vertical price move.
Bitcoin network activity has never been stronger.
This September marks a peak in average transactions per block, with 4,779 transactions (monthly average).
At 3,823 transactions on an annual average, this is also an all-time high for Bitcoin.