According to online reports, according to a post posted by The Block Research Director@lars0x, several indicators of the crypto market hit record highs in January 2025, and the adjusted total transaction volume on the chain dropped by 10.5% to US$600 billion (BTC: -4.4%, ETH: -23%). After adjustment, trading volume on the stablecin chain fell 6.3% to US$1.32 trillion, and issuance supply increased 3.1% to a new high of US$175.2 billion, of which USDT accounted for 78% and USDC accounted for 19.6%. BTC miners 'income fell 2.8% to $1.4 billion in January, while ETH pledgers' income fell 9.7% to $309 million. A total of 33906 ETH pieces, equivalent to US$113.2 million, were destroyed in January. Since the implementation of EIP-1559 in early August 2021, a total of 4.56 million ETH pieces, equivalent to US$12.9 billion, have been destroyed. Monthly NFT market trading volume on Ethereum fell 41.3% to $519.2 million. Legal CEX spot trading volume fell 18.2% to US$1.65 trillion in January, with net monthly flow of all BTC spot ETFs at +4.9 billion. Open interest in Bitcoin futures increased by 6%, and open interest in Ethereum futures increased by 1% to a record high. Monthly BTC futures trading volume fell 5.9% to US$1.84 trillion. Open interest in CME Bitcoin futures increased 3% to a new high of US$18.2 billion (average daily volume increased 1.3% to US$10.27 billion, reaching a new high). Monthly trading volume of ETH futures fell 20.7% to US$817 billion. Open interest on Bitcoin options increased by 61%; open interest on Ethereum options increased by 30%. BTC monthly options trading volume increased 12% to US$89 billion, and ETH monthly options trading volume decreased 16.2% to US$19.4 billion.