Since the creation of the first cryptocurrency, the cumulative value transferred through its blockchain has reached $8.89 trillion. This is stated in ForkLog’s November analytical report.
In this indicator, the total value of “profitable coins” stood at $5.1 trillion, and loss-making coins amounted to $3.79 trillion.
In November, the number of non-zero balance addresses reached a record high of 39.21 million. The previous maximum was reached in April — 38.7 million.
The rise in this metric may indicate an increase in the number of retail cryptocurrency users and overall on-chain activity.
Bitcoin supply on centralized exchanges has fallen to July 2018 levels. Apparently, many market participants are favouring safer non-custodial wallets, focusing on longer-term investment horizons.
Since the beginning of 2021, the Bitcoin network has processed a larger volume of USD-denominated transactions than PayPal.
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