According to The Block data, the on-chain transaction volume of Ethereum reached $183.74 billion in November, setting the highest monthly transaction volume so far this year. This is also the highest value of on-chain transaction volume of Ethereum in the past three years since $241 billion in December 2021.
While this figure is a far cry from the all-time high of $404.93 billion set in May 2021, November's performance suggests that trading activity levels have returned to stability. This is a steady 9% increase from the annual high set in March and almost double the annual minimum on-chain volume of $107.93 billion in January.
Analysts say this growth is likely being driven by capital rotation as market participants reduce the risk curve and reallocate funds from centralized exchanges (CEXs) to on-chain activities.
The transaction volume on the Ethereum chain reached $183.70 billion in November, the highest of the year
2024-12-03 21:19:07
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
11月份以太坊链上交易量达到1837亿美元，为年内最高Next article：
BTC突破96000美元
