December 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 33.5%, to a new two-year high of $272 billion in December.
  • Adjusted on-chain volume of stablecoins increased by 20.8%, to a new all-time high of $178.3 billion in December.
  • Centralized exchange spot trading volumes increased by 30.5%, to a new all-time high of $384 billion in December.
  • Aggregated open interest and monthly volume of Bitcoin futures and options, and Ethereum futures and options, all reached new all-time highs in December.
The Block Research analyzes the development of relevant metrics for the month of December.

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