December'24 Markets Recap

December saw stablecoin supply hit a record $170 billion, NFT volumes surge, and spot BTC ETF assets climb to a new high of $109.4 billion.

Institutional•January 3, 2025, 10:19AM EST
December'24 Markets Recap

Total adjusted on-chain volume, a proxy for economic throughput, saw a decrease of 5.9% to $670 billion in December. Overall, Bitcoin's on-chain volume decreased by 5.4% to $450 billion, while Ethereum's on-chain volume decreased by 6.9% to $220 billion.

In December, Bitcoin's on-chain volume was 2 times higher than Ethereum's.

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