Analysis: Ethereum's on-chain transaction volume surged to $7.13 billion recently, hitting a new high this year
2024-11-21 02:50:35
Odaily News The Block Pro analysis pointed out that on November 15, driven by ETF inflows, Bitcoin's rise, and post-election bullish sentiment, Ethereum's daily on-chain transaction volume surged to $7.13 billion, the highest level of the year, an increase of 85% in just two weeks. The GMMEME index rose 90%, surpassing the broader market index (+36%), and Meme coins dominated. Among them, the outstanding tokens included PEPE (+70%), BONK (+100%), WIF (+32%), and PNUT (+1,500%), with an overall market value increase of $1.68 billion. The Coinbase app rose from 435th to 8th in the US App Store (November 4-13), with a trading volume of $71 billion and a 42% increase in stock price; the Robinhood app ranked 11th. Daily trading volume hit a 12-month high of $117 billion, and as of mid-November, trading volume on exchanges supporting the dollar reached $229 billion, almost on par with October’s $237 billion.
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