The total adjusted on-chain volume of Bitcoin and Ethereum reached a 30-month high during the month of August.
Combined, the total adjusted on-chain volume for the two networks grew 38.3% month-over-month, as noted in a by-the-numbers breakdown for August produced by The Block Research.
Bitcoin’s total adjusted on-chain volume grew by 22.5%, from $66.1 billion in July to $80.9 billion in August, while Ethereum saw an increase of 81.7%, increasing from $24 billion in July to $43.5 billion in August.
Bitcoin’s on-chain volume was 1.85 times more than Ethereum’s on-chain volume last month, according to the report.
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