Bitcoin’s monthly on-chain transaction volume saw a record high in March
The monthly adjusted on-chain volume for Bitcoin was the highest it’s ever been in March, according to data compiled by The Block Research.
March’s adjusted on-chain volume was $366.27 billion — up 14.7% from February’s previous all-time high of $319.3 billion. March also marks the third consecutive month in which adjusted on-chain volume for Bitcoin reached record highs.
Indeed, data collected by The Block points to a busy March overall.
That same month, bitcoin miners brought in more than $1.5 billion in revenue — a development fueled by bitcoin hitting record-high prices across the world’s global exchange ecosystem.
Trading volumes for bitcoin futures and options also hit record highs last month, as previously reported.
© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: MK Manoylov
