November 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 51.5%, to a new yearly high of ~$203.8 billion in November. Overall, Bitcoin’s on-chain volume increased by 47.4% (from $92.1 billion to $135.7 billion), while Ethereum’s on-chain volume increased by 60.4% (from $42.4 billion to $68.1 billion).

Bitcoin’s on-chain volume was 2 times higher than Ethereum’s in November.