The total adjusted on-chain volume for Bitcoin and Ethereum hit a yearly high in July
The total adjusted on-chain volume for Bitcoin and Ethereum recorded a yearly high in July, with the combined total standing at $90.1 billion, according to a recent analysis by The Block Research.
This figure reflects a 15.7% increase in volume from the levels seen in June, as shown in the chart below.
Source: Coin Metrics, The Block Research
The majority of the upswing in July volumes can be attributed to the large growth in Ethereum’s volumes, which rose 50.0%, from $16.0 billion in June to $24.0 billion in July. Bitcoin’s on-chain volume grew by 6.8% from $61.9 billion in June to $66.1 billion in July.
To read the full piece by The Block's Larry Cermak, click here.