Adjusted total on-chain transaction volume increased nearly 30% to $255 billion in November
Lars, the research director of The Block, stated on X platform that the total on-chain transaction volume increased by 29.8% to $255 billion after the November adjustment (with BTC increasing by 21.2% and ETH increasing by 43.9%).
After the adjustment, the on-chain transaction volume of stablecoins increased by 7.6% to $596.5 billion; the circulation increased by 3.7% to $120.1 billion, with USDT and USDC accounting for 74.8% and 18.7% of the market share, respectively.
BTC miner revenue increased by 30.1% to $1.15 billion, while ETH staker revenue increased by 25.7% to $158 million.
In November, a total of 102,018 ETH was burned, equivalent to $204 million. Since the implementation of EIP-1559 in early August 2021, a total of 377 million ETH has been burned, equivalent to $10.51 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum Foundation Launches Trillion Dollar Security Initiative to Strengthen Network
The Ethereum Foundation has launched a “Trillion Dollar Security Initiative” to enhance the security and resilience of the Ethereum blockchain. This program aims to protect the network, which supports a wide range of decentralized finance applications, NFTs, and smart contracts.
MetaMask Token Launch Remains Uncertain, Says Co-Founder Dan Finlay
MetaMask is still considering the launch of a native token, but no definitive plans have been made yet. Dan Finlay, MetaMask’s co-founder, described the possibility of a token as a “maybe” during an interview on The Block’s “Crypto Beat” podcast on May 14, 2025.
Is the XRP price rally over for now?
South Korea’s Presidential Candidates Back Bitcoin ETFs
Trending news
MoreCrypto prices
More
