Cronos EVM Monthly Volume Seen 520% Increase in November, Surging to $483m With 72% Increase Of Active Wallets
Significant Growth in Volume and User Activity, Marking Milestones Since Mid-2022
Key Takeaways
November Volume: Cronos EVM reached $483.19M in monthly volume, a 520.96% increase from October’s $77.77M.
Historical Comparison: November’s volume surpasses June 2022’s $453.94M but remains below the all-time high (ATH) of $1.863B recorded during peak activity.
CRO Metrics: November saw 3.242B CRO in trading volume, ranking as the 5th highest CRO-based monthly volume since Cronos EVM’s launch.
User Engagement (DappRadar Data): Unique Active Wallets (UAW) increased by 72.31%, reaching 64.52K in November, while transactions soared by 128.77%, totaling 885.74K.
Massive Growth in November’s Trading Volume
Cronos EVM experienced a substantial rebound in trading activity in November, with $483.19M in monthly volume, up by an impressive 520.96% compared to October’s $77.77M. This marks a significant recovery for the network, achieving non-2024 levels not seen since June 2022 (in case of not considering a 3-month period in 2024), when the volume stood at $453.94M.
Although the November volume falls short of the ATH of $1.863B, recorded during Cronos’ golden era, the recent increase underscores renewed interest and activity on the chain.
In terms of CRO values, the 3.242B CRO traded in November represents the 5th largest monthly volume ever, trailing behind the ATH of 4.545B CRO achieved in May 2024.
User Activity Sees a Surge (DappRadar Insights)
According to DappRadar, the Cronos chain has witnessed a surge in user engagement over the past month:
Unique Active Wallets (UAW): A total of 64.52K wallets interacted with Cronos in the last 30 days, marking a 72.31% increase compared to the previous period.
Transactions: The number of transactions on Cronos skyrocketed to 885.74K, showing a 128.77% growth from October.
This uptick highlights Cronos’ growing ecosystem activity, likely driven by recent updates, enhanced utility, and increased community participation.
November’s Position in Historical Context
The November performance reflects a pivotal moment for Cronos, breaking through levels last seen outside of 2024. Key highlights include:
Largest Volume Since June 2022 (USD): The $483.19M recorded in November is the highest non-2024 figure since the $453.94M in June 2022.
5th Largest CRO-Based Volume: With 3.242B CRO traded, November ranks as the 5th largest CRO volume month, reinforcing Cronos’ relevance in the blockchain space.
Positive Momentum: Significant percentage increases across both volume and user activity indicate that Cronos is steadily regaining traction.
Outlook and Conclusion
November 2024 was a remarkable month for Cronos EVM, with trading volume surging and user activity booming. The 520.96% growth in USD volume and the 5th largest CRO-based trading volume underscore Cronos’ resilience and potential for sustained growth.
As the chain continues to draw in users and projects, all eyes are on whether Cronos can maintain this momentum heading into the new year, with further milestones and adoption expected in the coming months.