-
Ethereum’s recent on-chain performance has reached remarkable heights, with November witnessing an impressive $183.74 billion in transaction volume.
-
This significant uptick places Ethereum at its highest monthly activity since 2021, underscoring its pivotal role in the evolving blockchain landscape.
-
“This milestone highlights Ethereum’s resilience and its ability to attract a diverse range of users and investors,” a representative from COINOTAG noted.
| COINOTAG recommends • Exchange signup |
| 💹 Trade with pro tools |
| Fast execution, robust charts, clean risk controls. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🚀 Smooth orders, clear control |
| Advanced order types and market depth in one view. |
| 👉 Create account → |
| COINOTAG recommends • Exchange signup |
| 📈 Clarity in volatile markets |
| Plan entries & exits, manage positions with discipline. |
| 👉 Sign up → |
| COINOTAG recommends • Exchange signup |
| ⚡ Speed, depth, reliability |
| Execute confidently when timing matters. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🧭 A focused workflow for traders |
| Alerts, watchlists, and a repeatable process. |
| 👉 Get started → |
| COINOTAG recommends • Exchange signup |
| ✅ Data‑driven decisions |
| Focus on process—not noise. |
| 👉 Sign up → |
Ethereum’s transaction volume hit $183.74 billion in November, marking the highest activity level since 2021 and solidifying its lead in the blockchain space.
Ethereum volume reaches a new high
According to analysis of data from IntoTheBlock, Ethereum has hit its highest on-chain volume in 2024.
A look at the chart showed that its volume in November was $183.74 billion, surpassing the record volume of $183.94 billion set in March.
| COINOTAG recommends • Exchange signup |
| 📈 Clear interface, precise orders |
| Sharp entries & exits with actionable alerts. |
| 👉 Create free account → |
| COINOTAG recommends • Exchange signup |
| 🧠 Smarter tools. Better decisions. |
| Depth analytics and risk features in one view. |
| 👉 Sign up → |
| COINOTAG recommends • Exchange signup |
| 🎯 Take control of entries & exits |
| Set alerts, define stops, execute consistently. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🛠️ From idea to execution |
| Turn setups into plans with practical order types. |
| 👉 Join now → |
| COINOTAG recommends • Exchange signup |
| 📋 Trade your plan |
| Watchlists and routing that support focus. |
| 👉 Get started → |
| COINOTAG recommends • Exchange signup |
| 📊 Precision without the noise |
| Data‑first workflows for active traders. |
| 👉 Sign up → |
Source: IntoTheBlock
Further analysis showed that its NFT volume also saw a significant increase in the last 30 days.
| COINOTAG recommends • Exchange signup |
| 📈 Clear control for futures |
| Sizing, stops, and scenario planning tools. |
| 👉 Open futures account → |
| COINOTAG recommends • Exchange signup |
| 🧩 Structure your futures trades |
| Define entries & exits with advanced orders. |
| 👉 Sign up → |
| COINOTAG recommends • Exchange signup |
| 🛡️ Control volatility |
| Automate alerts and manage positions with discipline. |
| 👉 Get started → |
| COINOTAG recommends • Exchange signup |
| ⚙️ Execution you can rely on |
| Fast routing and meaningful depth insights. |
| 👉 Create account → |
| COINOTAG recommends • Exchange signup |
| 📒 Plan. Execute. Review. |
| Frameworks for consistent decision‑making. |
| 👉 Join now → |
| COINOTAG recommends • Exchange signup |
| 🧩 Choose clarity over complexity |
| Actionable, pro‑grade tools—no fluff. |
| 👉 Open account → |
Data from CryptoSlam indicates that the platform’s NFT sales volume exceeded $253 million in the last 30 days, indicating an over 32% increase. With this figure, Ethereum outperformed all other blockchains in NFT sales.
TVL and ecosystem growth
The network’s Total Value Locked (TVL) has also seen a steady climb, reflecting renewed investor interest in decentralized finance (DeFi).
| COINOTAG recommends • Exchange signup |
| 🎯 Focus on process over noise |
| Plan trades, size positions, execute consistently. |
| 👉 Sign up → |
| COINOTAG recommends • Exchange signup |
| 🛠️ Simplify execution |
| Keep decisions clear with practical controls. |
| 👉 Get started → |
| COINOTAG recommends • Exchange signup |
| 📊 Make data your edge |
| Use depth and alerts to avoid guesswork. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🧭 Be prepared, not reactive |
| Turn setups into rules before you trade. |
| 👉 Create account → |
| COINOTAG recommends • Exchange signup |
| ✍️ Plan first, then act |
| Entries, exits, and reviews that fit your routine. |
| 👉 Join now → |
| COINOTAG recommends • Exchange signup |
| 🧩 Consistency beats intensity |
| Small, repeatable steps win the long run. |
| 👉 Sign up → |
Source: DefiLlama
According to the analysis of the TVL chart from DeFiLlama, Ethereum’s TVL has rebounded from mid-year lows, with billions of dollars locked across its diverse range of protocols.
As of this writing, the TVL is around $73.48 billion, while the overall TVL is around $135 billion. The trend of the Ethereum volume and TVL is a positive signal for the network.
Analyzing Ethereum’s price momentum
From a price perspective, Ethereum has maintained a bullish trajectory. The daily chart indicates that ETH/USD has consistently traded above its 50-day and 200-day moving averages, signaling a strong uptrend.
The Relative Strength Index (RSI) was hovering at 67.7, suggesting the asset is nearing overbought territory but still has room for further upside.
Source: TradingView
Ethereum’s price closed in November at nearly $3,700, solidifying gains from previous months.
Parabolic SAR points below the price action further reinforce the bullish sentiment, suggesting that upward momentum is intact.
As Ethereum approaches critical resistance levels, market participants remain optimistic about its ability to sustain its rally and capitalize on the network’s growing volume.
Realistic or not, here’s ETH market cap in BTC’s terms.
Ethereum’s record-breaking on-chain volume, coupled with its leadership in NFT sales and TVL, paints a positive picture for the network.
With the network achieving its highest activity levels since 2021, Ethereum is well-positioned to build on its momentum heading into 2025.
Conclusion
In summary, Ethereum’s surge in transaction volume and persistent growth in both its TVL and NFT activities signify a robust recovery for the network. This consistent performance places Ethereum at the forefront of blockchain technologies, suggesting that its upward trajectory may continue as 2025 approaches.
| COINOTAG recommends • Exchange signup |
| 🧱 Execute with discipline |
| Watchlists, alerts, and flexible order control. |
| 👉 Sign up → |
| COINOTAG recommends • Exchange signup |
| 🧩 Keep your strategy simple |
| Clear rules and repeatable steps. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🧠 Stay objective |
| Let data—not emotion—drive actions. |
| 👉 Get started → |
| COINOTAG recommends • Exchange signup |
| ⏱️ Trade when it makes sense |
| Your plan sets the timing—not the feed. |
| 👉 Join now → |
| COINOTAG recommends • Exchange signup |
| 🌿 A calm plan for busy markets |
| Set size and stops first, then execute. |
| 👉 Create account → |
| COINOTAG recommends • Exchange signup |
| 🧱 Your framework. Your rules. |
| Design entries/exits that fit your routine. |
| 👉 Sign up → |
