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

Quick Take

  • Total adjusted on-chain volume saw a strong increase of 51.5%, to a new yearly high of ~$203.8 billion in November.
  • Cryptocurrency centralized trading volumes saw a significant increase of 133.8% in November, while DEX volumes continue to decline.
  • Lending from dYdX, Compound and Aave hit a new all-time high with $7.6 billion in originated loans in November.
  • Aggregated open interest and monthly volume of Bitcoin futures and options, and Ethereum futures and options, all reached new all-time highs in November.
The Block Research analyzes the development of relevant metrics for the month of November.

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