The adjusted on-chain volume of Bitcoin and Ethereum hit a 30-month high in August

The total adjusted on-chain volume of Bitcoin and Ethereum reached a 30-month high during the month of August.

Source: Coin Metrics, The Block Research

Combined, the total adjusted on-chain volume for the two networks grew 38.3% month-over-month, as noted in a by-the-numbers breakdown for August produced by The Block Research.

Bitcoin’s total adjusted on-chain volume grew by 22.5%, from $66.1 billion in July to $80.9 billion in August, while Ethereum saw an increase of 81.7%, increasing from $24 billion in July to $43.5 billion in August. 

Bitcoin’s on-chain volume was 1.85 times more than Ethereum’s on-chain volume last month, according to the report.