Today SegWit adoption has reached new heights peaking at 22.5%. There were several news pointing at the fact that this will happen, but no one could really guess how much impact these will have on actual numbers. Now we have the first indicators on the growth, but first let’s see what the actual news were:

Bitfinex, the top 5 cryptocurrency exchange enabled SegWit compatible deposit and withdrawal addresses.

Coinbase, one of the biggest Bitcoin exchanges on the planet first announced the push for integration in January and rolled out SegWit to 25% of its customers on the 23rd of Febuary and promised to achieve 100% by the middle of the current week.

Bitcoin Core released version 0.16.0 with native SegWit address support. For those who still might not know, Bitcoin Core is the most used network protocol implementation. Out of the 10217 nodes 9483 are running Bitcoin Core currently.

What did the news mean for SegWit adoption?

Adoption soared with the exchange release and the new wallet release as data taken from Segwit.party/charts shows us.

SegWit transaction percentage has reached a new high of 22.5% up from 14.5%. This is a huge increase considering not every user of Coinbase received the ability to use the new address form and it’s also safe to say that not every active full node operator updated their clients. Take not here that several major Bitcoin and altcoin exchanges have yet to take action in this regard, so we might still see some huge jumps in the adoption rate. This means that we will see bigger blocks and lower fees in the future.