The complexity of transaction networks peaks in phase 1 https://www.bankofcanada.ca/?p=213550 Number of links (left scale) Network complexity (right scale) 138.5000002.209378 134.6000101.999005 121.7500001.975089 137.0000002.286758 183.0000003.176091 172.3999903.129633 141.6000102.972605 130.8000002.538505 144.8000002.463800 122.0000002.234272