In November, many indicators in the cryptocurrency market reached all-time highs, with on-chain total transaction volume increasing by 69.4%

In November, many indicators in the cryptocurrency market reached all-time highs, with adjusted on-chain total transaction volume increasing by 69.4% to $710 billion (BTC: +70%, ETH: +68.3%). Adjusted stablecoin on-chain transaction volume increased by 30.7% to $1.17 trillion, and the issuance supply increased by 12% to a new high of $167.2 billion, with USDT accounting for 79.9% and USDC for 17.4%. In November, BTC miner revenue increased by 18.6% to $1.21 billion, while ETH staker revenue increased by 18.8% to $263 million. A total of 46,553 ETH were burned in November, equivalent to $147 million. Since the implementation of EIP-1559 in early August 2021, a total of 4.48 million ETH have been burned, equivalent to $12.6 billion. The monthly NFT market trading volume on Ethereum increased by 61.5% to $196.3 million. In November, the legitimate CEX spot trading volume increased by 123.6% to $1.88 trillion, with a monthly net flow of +$6.6 billion for all BTC spot ETFs. On November 7, IBIT net inflow reached a record high of $1.12 billion. Open interest in Bitcoin futures increased by 42.2%, and open interest in Ethereum futures increased by 72.7%, both reaching all-time highs. BTC monthly futures trading volume increased by 69.2% to $2.1 trillion. CME Bitcoin futures open interest increased by 61.4% to a new high of $20.1 billion (with average daily trading volume increasing by 86.9% to $9.8 billion). ETH futures monthly trading volume grew by 92.8% to $940 billion. Open interest in Bitcoin options increased by 53.2%, reaching a new high; open interest in Ethereum options increased by 84.2%. BTC monthly options trading volume rose by 105.3% to $110.9 billion, and ETH monthly options trading volume increased by 115.5% to $21.9 billion.