{"id":28410,"date":"2020-09-09T15:08:00","date_gmt":"2020-09-09T12:08:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=28410"},"modified":"2025-08-27T11:30:57","modified_gmt":"2025-08-27T08:30:57","slug":"report-on-chain-activity-of-bitcoin-and-ethereum-rose-38-in-august","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/report-on-chain-activity-of-bitcoin-and-ethereum-rose-38-in-august\/","title":{"rendered":"Report: On-chain activity of Bitcoin and Ethereum rose 38% in August"},"content":{"rendered":"

The total volume of on-chain value transferred across Bitcoin and Ethereum networks last month rose by 38.3%, reaching $125 billion. That marks the highest level in 30 months, according to a report by The Block<\/a>.<\/p>\n

Bitcoin’s on-chain activity in August rose 22.5% (from $66.1 billion to $80.9 billion), Ethereum up 81.7% (from $24 billion to $43.7 billion).<\/p>\n

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The volume of on-chain value transferred via the Bitcoin blockchain exceeded Ethereum’s in August by a factor of 1.85. Data: The Block, CoinMetrics.<\/p>\n<\/div>\n

When ERC-20 stablecoin data are included, on-chain activity tied to Ethereum and its tokens is 2.2 times higher than Bitcoin’s.<\/p>\n

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The total value transferred via Ethereum and ERC-20 tokens significantly exceeds that of Bitcoin. Data: The Block, CoinMetrics.<\/p>\n<\/div>\n

In August, the market supply of stablecoins rose 22.9%, from $12.2 billion to $16.2 billion.<\/p>\n

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Circulation\/turnover of popular stablecoins in August. Data: The Block.<\/p>\n<\/div>\n

For Binance’s BUSD, turnover rose from 16.7 in July to 18.8 in August. USDC turnover in August stood at 10.<\/p>\n

In early September, Ethereum on-chain activity significantly decreased<\/a>.<\/p>\n

Follow ForkLog’s news on Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

The total volume of on-chain value transferred across Bitcoin and Ethereum networks last month rose by 38.3%, reaching $125 billion. This marked the highest level in 30 months, according to The Block.<\/p>\n","protected":false},"author":1,"featured_media":28411,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,46,807],"class_list":["post-28410","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-ethereum","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28410","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=28410"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28410\/revisions"}],"predecessor-version":[{"id":28412,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28410\/revisions\/28412"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/28411"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=28410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=28410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=28410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}