PANews reported on December 2 that according to a post by The Block's research director @lars0x, many indicators in the crypto market hit record highs in November, with adjusted total on-chain 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 issued supply increased by 12% to a new high of $167.2 billion, of which USDT accounted for 79.9% and USDC accounted for 17.4%.
BTC miner revenue grew 18.6% to $1.21 billion in November, while ETH staker revenue grew 18.8% to $263 million. A total of 46,553 ETH were destroyed 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 destroyed, equivalent to $12.6 billion. Monthly NFT market volume on Ethereum grew 61.5% to $196.3 million.
Legal CEX spot volume increased by 123.6% to $1.88 trillion in November, with monthly net flows of +$6.6 billion for all BTC spot ETFs. On November 7, IBIT net inflows reached a record high of $1.12 billion. Bitcoin futures open interest increased by 42.2%, and Ethereum futures open interest increased by 72.7%, both record highs. BTC monthly futures 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 (ADV increased by 86.9% to $9.8 billion). ETH futures monthly volume increased by 92.8% to $940 billion. Bitcoin options open interest increased by 53.2%, a record high; Ethereum options open interest increased by 84.2%. BTC monthly options volume increased by 105.3% to $110.9 billion, and ETH monthly options volume increased by 115.5% to $21.9 billion).
