“On November 15, the daily amount of transferred on-chain value in Ethereum (7 DMA) reached the maximum since the beginning of the year of $7.13 billion. Such data is provided by The Block. Over the past two weeks, the indicator jumped by 85% — from $3.84 billion as of November 1. The metric exceeded the previous high in March by 1%. This indicates the recovery of network activity in the conditions of the rally in the cryptocurrency market, the publication noted. November became a turning point in the dynamics against the background of Donald Trump’s victory […]”, — write: businessua.com.ua
On November 15, the daily amount of transferred on-chain value in Ethereum (7 DMA) reached a maximum of $7.13 billion since the beginning of the year. Such data is provided by The Block.
For the last two week, the indicator jumped by 85% — from $3.84 billion as of November 1.
The metric exceeded the previous high in March by 1%. This indicates the recovery of network activity in the conditions of the rally in the cryptocurrency market, the publication noted.
November became a turning point in the dynamics against the background of Donald Trump’s victory in the US presidential elections and growing interest in ETH-ETF.
From November 9 to 15, products received a record $515.2 million. During the current incomplete week, investors withdrew $162.8 million.
Source: SoSoValue.
Looking ahead, Ethereum on-chain activity is in for a period of re-acceleration due to the potential strengthening of bullish sentiment, noted The Block.
We will remind you that in November, Ethereum co-founder Vitalik Buterin talked about the development and prospects of the second cryptocurrency by capitalization.
Previously, the expert published a six-part essay “The Possible Future of the Ethereum Protocol”.
The source