January was a record month for Bitcoin’s price and network activity. More than 22.3 million unique addresses send or receive BTC over 31 days.
The milestone was spotted by crypto market data aggregator Glassnode, which tweeted that January had the highest monthly number of unique active addresses in Bitcoin’s history:
# Bitcoin network activity at ATH.
In January, more than 22.3 million unique addresses were active on the network sending or receiving BTC – the highest monthly number in Bitcoin’s history to date
Diagram: https://t.co/yPPOix0KFx pic.twitter.com/yjWwYbRC98
– glassnode (@glassnode) February 1, 2021
The increase in activity in January surpasses the previous record of more than 21 million active addresses as of December 2017. Since 2017, the number of unique addresses dealing with Bitcoin has not fallen below 10 million per month.
Despite the increase in unique active wallets, Glassnode also noted that the number of “active units” on the Bitcoin network has decreased significantly since hitting new highs in early January.
Glassnode defines an entity as “a cluster of addresses controlled by the same network entity”.
Bitcoin trading volume soared to record levels last month as Bitcoin surged above $ 30,000 on Jan. 8 and hit an all-time high near $ 42,000, before seeing aggressive consolidation-linked consolidation for three weeks.
BTC / USD since December 2020, 4-hour chart: TradingView
On February 2, the US-based exchange Kraken announced that it had processed more transaction volumes in January 2021 than in all of 2019, with $ 56 billion worth of assets changing hands on the platform last month.
This month there were numerous failures in the exchange of cryptocurrencies. Kraken and Coinbase announced measures to prevent future outages with increasing traffic and volume.