Bitcoin on-chain transaction volume reached $1.21 trillion in January, the highest since September 2022

According to The Block, in January 2024, a total of $1.21 trillion worth of Bitcoin was transferred on the chain. This is the highest monthly transaction volume since September 2022 (when the price of Bitcoin was about $20,000). The data also shows that except for December, the Bitcoin transaction volume in other months of 2023 did not exceed $1 trillion.