Data: In December 2024, the transaction volume on the stablecoin chain increased by 20.3% to a new high, and the income of BTC miners increased by 18.9%

PANews reported on January 3 that according to a post by The Block Research Director @lars0x, multiple indicators of the encryption market hit record highs in December 2024, and the adjusted total on-chain transaction volume fell by 5.9% to $670 billion (BTC: - 5.4%, ETH: -6.9%). After adjustment, the transaction volume on the stablecoin chain increased by 20.3% to a new high of US$1.41 trillion, and the issuance supply increased by 1.7%, reaching a new high of US$170 billion, of which USDT accounted for 79.2% and USDC accounted for 18.3%.

BTC miner revenue increased by 18.9% to $1.44 billion in December, while ETH staker revenue increased by 30.2% to $342 million. A total of 47,064 ETH were destroyed in December, equivalent to $174.4 million. Since the implementation of EIP-1559 in early August 2021, a total of 4.53 million ETH has been destroyed, equivalent to US$12.8 billion. Monthly NFT market volume on Ethereum grew 350.7% to $884.8 million, mainly due to the launch of the Pudgy Penguins token and OpenSea’s token preview.

Legal CEX spot trading volume increased 6.8% to $2.01 trillion in December, with monthly net flows across all BTC spot ETFs at +$4.6 billion. Bitcoin futures open interest increased or decreased by 9.4%, and Ethereum futures open interest increased by 0.5% to a new high. BTC monthly futures trading volume fell 7.4% to $1.96 trillion. CME Bitcoin futures open interest decreased by 12.4% to a new high of $17.6 billion (average daily trading volume increased by 3.1% to $10.14 billion, a new high). ETH futures monthly trading volume increased 9.6% to $1.03 trillion. Bitcoin options open interest decreased by 36%; Ethereum options open interest decreased by 30.2%. BTC monthly options trading volume fell by 28.4% to $79.5 billion, and ETH monthly options trading volume increased by 5.6% to $23.1 billion).