The digital asset markets fell throughout the month of December and were outperformed by traditional markets, with the price of ETH retreating the most (-20.6% to $3,676). This decline reflects wider financial uncertainty associated with Omicron and its effect on inflation

December Highlights

• The number of addresses holding ETH grew 3.9% to an all-time high of 68.8mn in December. Traders (addresses holding the asset for less than 1 month) fell 10.7% to 4.64mn.
• December USDT and USD volumes fell across all top 5 assets except ETH, which rose 2.7% and 2.5% respectively to $122bn and $43.0bn. ADA volumes saw the largest fall across both markets, with a 25% and 27% decline to $17.4bn and $1.67bn respectively.
• In December, TVL in DeFi fell to $153bn and $11.2bn for ETH and SOL respectively (-13.8% and -22.4% decrease from November)