Bitcoin’s monthly on-chain transaction volume saw a record high in March

The monthly adjusted on-chain volume for Bitcoin was the highest it’s ever been in March, according to data compiled by The Block Research.

March’s adjusted on-chain volume was $366.27 billion — up 14.7% from February’s previous all-time high of $319.3 billion. March also marks the third consecutive month in which adjusted on-chain volume for Bitcoin reached record highs. 

RELATED INDICES

 

Indeed, data collected by The Block points to a busy March overall.

That same month, bitcoin miners brought in more than $1.5 billion in revenue -- a development fueled by bitcoin hitting record-high prices across the world's global exchange ecosystem.

Trading volumes for bitcoin futures and options also hit record highs last month, as previously reported.

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.