PANews December 2 news, according to a post by The Block Research Director @lars0x, many indicators in the cryptocurrency market reached historical highs in November, with adjusted on-chain total trading volume increasing by 69.4% to $710 billion (BTC: +70%, ETH: +68.3%). Adjusted on-chain trading volume of stablecoins 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 grew 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. 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 all BTC spot ETFs at +$6.6 billion. On November 7, IBIT net inflow reached a record high of $1.12 billion. Bitcoin futures open interest increased by 42.2%, and Ethereum futures open interest rose 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 (average daily trading volume increased by 86.9% to $9.8 billion). ETH futures monthly trading volume grew by 92.8% to $940 billion. Bitcoin options open interest increased by 53.2%, reaching an all-time high; Ethereum options open interest increased by 84.2%. BTC monthly options trading volume grew by 105.3% to $110.9 billion, and ETH monthly options trading volume increased by 115.5% to $21.9 billion).
