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.
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.