At the end of December 2024, the Ethereum cryptocurrency had been processed well to 39 million times on-chain that month. This was about three times that of the more commonly known rival Bitcoin, which saw a total of 12.7 million transactions that month. Other leading cryptocurrencies also saw significantly less transaction activity.
What kind of transactions were these?
Cryptocurrencies are digital currencies which owe their credibility to their technology rather than a central bank. Many of the transactions in this statistic involve cryptocurrency exchanges which exchange these coins for other currencies, including traditional currencies such as U.S. dollars or euros. In selected countries, Bitcoin ATMs also dispense the local currency in exchange for Bitcoin. However, few retailers accept that or any other cryptocurrency on a large scale.
Cryptocurrency as an investment
Many cryptocurrency enthusiasts point to the high market capitalization of their favorite cryptocurrencies. Moreover, the currency price is an important factor. The price volatility of Bitcoin and others attracts investors, hoping to buy low and sell high.
Number of network transactions on the blockchain in Bitcoin, Ethereum, and other cryptocurrencies from January 2009 to December 2024
Figures have been calculated by Statista, combining daily figures to a total for the entire month; The numbers provided concern transactions, not the 24h trading volume of each coin; Not all coins are measured: Solana (SOL), for example, can only be tracked within its own blockchain.
Supplementary notes
Monthly figures here cover the full month.
The source does not provide transaction history for all cryptocurrencies, such as Solana.
Citation formats
Raynor de Best
Content expert covering payments and (crypto)currencies
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Coin Metrics. (January 31, 2025). Number of network transactions on the blockchain in Bitcoin, Ethereum, and other cryptocurrencies from January 2009 to December 2024 [Graph]. In Statista. Retrieved April 19, 2025, from https://www.statista.com/statistics/730838/number-of-daily-cryptocurrency-transactions-by-type/
Coin Metrics. "Number of network transactions on the blockchain in Bitcoin, Ethereum, and other cryptocurrencies from January 2009 to December 2024." Chart. January 31, 2025. Statista. Accessed April 19, 2025. https://www.statista.com/statistics/730838/number-of-daily-cryptocurrency-transactions-by-type/
Coin Metrics. (2025). Number of network transactions on the blockchain in Bitcoin, Ethereum, and other cryptocurrencies from January 2009 to December 2024. Statista. Statista Inc.. Accessed: April 19, 2025. https://www.statista.com/statistics/730838/number-of-daily-cryptocurrency-transactions-by-type/
Coin Metrics. "Number of Network Transactions on The Blockchain in Bitcoin, Ethereum, and Other Cryptocurrencies from January 2009 to December 2024." Statista, Statista Inc., 31 Jan 2025, https://www.statista.com/statistics/730838/number-of-daily-cryptocurrency-transactions-by-type/
Coin Metrics, Number of network transactions on the blockchain in Bitcoin, Ethereum, and other cryptocurrencies from January 2009 to December 2024 Statista, https://www.statista.com/statistics/730838/number-of-daily-cryptocurrency-transactions-by-type/ (last visited April 19, 2025)
Number of network transactions on the blockchain in Bitcoin, Ethereum, and other cryptocurrencies from January 2009 to December 2024 [Graph], Coin Metrics, January 31, 2025. [Online]. Available: https://www.statista.com/statistics/730838/number-of-daily-cryptocurrency-transactions-by-type/
