CandleFocus

On-Chain Adoption Hit All-Time High in 2024, What’s Next for 2025?

The crypto market experienced significant growth in 2024, with the on-chain adoption index reaching a high of 77, surpassing previous records. Transaction volume also hit an all-time high of $817 million in December, resulting in a total transaction volume for the year of over $10 trillion, equivalent to the annual volume of Visa. Despite the increase in adoption and transaction volume, transaction fees actually decreased in 2024, indicating a positive trend towards reducing fees for users. The number of crypto transactions also increased threefold compared to the peak in 2021, reaching an all-time high of 1 billion in December. Overall, 2024 was a crucial year for crypto, and many industry leaders and analysts predict further growth and a new all-time high in 2025.

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