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November was marked by the collapse of FTX and Alameda Research, and the subsequent fallout on Genesis and others.
Total adjusted on-chain volume increased by 9.9% to $260 billion.
Adjusted on-chain volume of stablecoins increased by 58.3% to a new all-time high of $918.6 billion.
A total of 53,155 Ethereum, equivalent to $68.6 million, was burned.
Monthly volume of NFT marketplaces on Ethereum decreased, by 0.9%, to $381.4 million.
Centralized exchange spot trading volumes increased by 23.7% to $672.9 billion.
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