Lars, the research director of The Block, stated on X platform that the total on-chain transaction volume increased by 29.8% to $255 billion after the November adjustment (with BTC increasing by 21.2% and ETH increasing by 43.9%).

After the adjustment, the on-chain transaction volume of stablecoins increased by 7.6% to $596.5 billion; the circulation increased by 3.7% to $120.1 billion, with USDT and USDC accounting for 74.8% and 18.7% of the market share, respectively.

BTC miner revenue increased by 30.1% to $1.15 billion, while ETH staker revenue increased by 25.7% to $158 million.

In November, a total of 102,018 ETH was burned, equivalent to $204 million. Since the implementation of EIP-1559 in early August 2021, a total of 377 million ETH has been burned, equivalent to $10.51 billion.