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In October, on-chain transaction volume increased by 28.1% to $420 billion, with net inflows for Bitcoin spot ETFs reaching $5.30 billion.

TechFlowNov 4, 2024

Data shows that in October, the on-chain transaction volume increased by 28.1% to 420 billion USD, with net inflows for Bitcoin spot ETFs reaching 5.30 billion USD. Bitcoin miner revenue grew by 25.4% to 1.02 billion USD, while Ethereum staker revenue increased by 5.8% to 221.50 million USD. Ethereum burned 41,648 $ETH, valued at 105 million USD. The NFT market transaction volume on Ethereum grew by 26.5% to 121.60 million USD. The spot trading volume of compliant centralized exchanges increased by 16.3% to 843 billion USD. Net inflows for Bitcoin spot ETFs reached 5.30 billion USD, with IBIT setting a new record for single-day net inflows of 872 million USD on October 30. In the futures market, the open interest for Bitcoin rose by 22.9%, reaching an all-time high, while Ethereum increased by 14.6%. The open interest for CME Bitcoin futures grew by 21.5% to a new high of 12.50 billion USD.

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In October, on-chain transaction volume increased by 28.1% to $420 billion, with net inflows for Bitcoin spot ETFs reaching $5.30 billion.

TechFlowNov 4, 2024

Data shows that in October, the on-chain transaction volume increased by 28.1% to 420 billion USD, with net inflows for Bitcoin spot ETFs reaching 5.30 billion USD. Bitcoin miner revenue grew by 25.4% to 1.02 billion USD, while Ethereum staker revenue increased by 5.8% to 221.50 million USD. Ethereum burned 41,648 ETH, valued at 105 million USD. The NFT market transaction volume on Ethereum grew by 26.5% to 121.60 million USD. The spot trading volume of compliant centralized exchanges increased by 16.3% to 843 billion USD. Net inflows for Bitcoin spot ETFs reached 5.30 billion USD, with IBIT setting a new record for single-day net inflows of 872 million USD on October 30. In the futures market, the open interest for Bitcoin rose by 22.9%, reaching an all-time high, while Ethereum increased by 14.6%. The open interest for CME Bitcoin futures grew by 21.5% to a new high of 12.50 billion USD.

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