Bitcoin saw its third-highest monthly adjusted on-chain volume in November

Bitcoin's monthly adjusted on-chain transaction volume rose 47% in November compared to the previous period, according to data compiled by The Block Research.


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November’s on-chain volume reached $135.72 billion versus $92.09 billion in the previous month. It was the third-most voluminous month, with December 2017 and January 2018 accounting for the highest on an adjusted basis.

December 2017 saw $207.86 billion in adjusted monthly on-chain transaction volume.

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.