December by the numbers: A look at crypto exchange volumes, open interest, and miner revenue

Total adjusted on-chain volume, which is a proxy for economic throughput, saw a strong increase of 33.5% to a new two-year high of $272 billion in December — still 11.8% below the all-time high of $308.3 billion in January 2018. Overall, Bitcoin’s on-chain volume increased by 39.7% (from $135.7 billion to $189.5 billion), while Ethereum’s on-chain volume increased by 21.1% (from $68.1 billion to $82.4 billion).

Moreover, Bitcoin’s on-chain volume was 2.3 times higher than Ethereum’s in December.