On-chain volumes are trending upwards, as during the last two bull runs!
đ After the peak of 2021, on-chain volumes have deflated significantly, until the beginning of 2023. Indeed, since the beginning of 2023, on-chain volumes have been on the rise again and are showing bullish momentum!
đ The trend looks like 2020-2021, when volumes were gradually increasing. At the moment, there is no explosion of the metric that could show an outsized increase in on-chain activity. It is under these conditions that a market top tends to take placeâŠ
The data is very healthy, and I think we could well see an acceleration in 2025!
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