January'25 Markets Recap - Final Edition

January saw record highs for stablecoin supply, spot BTC ETF assets and Bitcoin options open interest, while spot and NFT volumes fell.

Institutional•February 3, 2025, 4:22PM EST
January'25 Markets Recap - Final Edition

This will be the final edition of the Markets Recap series.

If you wish to talk about markets and macro data, you can always reach out via E-Mail to [email protected] or via Telegram (faster responses) to @lp_collective.

Total adjusted on-chain volume, a proxy for economic throughput, saw a decrease of 10.5% to $600 billion in January. Overall, Bitcoin's on-chain volume decreased by 4.4% to $430 billion, while Ethereum's on-chain volume decreased by 23% to $170 billion.

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