The year 2024 saw a resurgence in on-chain activities in blockchain networks, with adoption, transaction volumes, and counts reaching all-time highs. The Dune On-chain Adoption Index, which measures blockchain engagement, reached 77, just short of the all-time high of 84 seen in November 2021. On-chain transactions also reached a record high of $817 million in December 2024, surpassing the previous high of $730 million in January 2022. This growth in on-chain adoption reflects an increasing interest in blockchain technology, despite regulatory scrutiny. Additionally, blockchain transaction fees decreased from $2 billion in November 2021 to $500 million in December 2024, making blockchain solutions more accessible to users and businesses. Overall, the year 2024 was marked by increased usage and adoption of blockchain technology.



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