December is already the second-biggest month ever for bitcoin on-chain volumes

Adjusted on-chain activity on the Bitcoin network has passed $170.57 billion in December — the second-highest peak ever. December also saw an increase of 25.7% compared with November, which had the fourth-highest adjusted on-chain volume recorded.

The record monthly volume occurred during the last big bull run, in December 2017, when it peaked at $207.86 billion. As of today, this month's volume is $30.3 billion behind that record.