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Institutional demand for Bitcoin and Ethereum is growing rapidly.

Bitcoin, Ethereum, and Polygon are experiencing a significant surge in large-scale transactions, also known as “whale transactions.” Notably, Bitcoin has seen an 80% increase in transactions over $100,000. Likewise, large Ethereum transactions grew by 170%, while Polygon witnessed an unprecedented increase of over 3,800% compared to their corresponding volumes just 30 days ago.

Data over the past week highlights the scale of this surge in high-value transactions. Bitcoin recorded 16,410 transactions in the last 24 hours, peaking at 22,570 transactions on November 9th. The lowest figure was 12,810 transactions on November 5th. In terms of transaction volume, Bitcoin earned $24.4 billion in the last 24 hours, reaching a high of $39.02 billion and a low of $18.1 billion in the same week. The number of large Ethereum transactions in the last 24 hours was 3,560, reaching a seven-day high of 7,590 transactions and a low of 3,040. Transaction volume of leading companies followed this trend, amounting to $2.91 billion in the last 24 hours, reaching a high of $6.59 billion and a minimum of $2.47 billion.

For Polygon, the number of large transactions reached a seven-day high of 209 transactions, matching its total in the last 24 hours, with a low of 34 transactions. Transaction volume reflected the surge, with $194.42 million in the past 24 hours, a seven-day high of $357.59 million and low of $28.81 million.
Renewed institutional demand

The significant increase in the number of massive transactions through these cryptocurrencies is largely due to renewed institutional interest. The crypto market is abuzz with anticipation of the launch of spot Bitcoin ETFs by January 2024, which is expected to further fuel institutional demand. Additionally, BlackRock’s plans to introduce an Ethereum spot ETF have added to the excitement. Institutional demand plays a crucial role in the crypto market as it not only brings in significant capital but also brings trust and stability to the digital currency ecosystem. The entry of major financial players into the market and the creation of more accessible investment vehicles such as ETFs are seen as key factors in the long-term growth and mass acceptance of cryptocurrencies.

At the same time, Ethereum gas fees increased by 244% from $2.08 to $7.17 per transaction between October 22 and November 12, 2023. Dex and NFT transaction fees are higher, while pooling assets across chains costs around $9. The rise in Ethereum fees mirrors the trend seen in Bitcoin as the cost of gas required for Ethereum transfers has also increased. Currently, the average ethereum transaction fee is, as mentioned above, $7.17, with the average fee being 0.0014 ETH, or $2.93 per transaction. When exchanging an ETH-based asset on a decentralized exchange platform, fees ranging from $27.77 to $28.50 per transaction may apply. Likewise, conducting a transaction using non-fungible tokens (NFTs) can cost between $46.93 and $48.16. The cost of combining assets in different chains on November 12 was estimated at $8.93 – $9.17. From October 22 to November 12, Ethereum processed an average of approximately 1,061,288 transactions daily.

Against this background, one of the legitimate and stable forms of investing in passive income using cryptocurrencies is the ASTL investment project, which allows investors to have the opportunity to directly invest fiat and cryptocurrency assets into stable passive income, which obviously exceeds inflation expectations and is not subject to any sanctions, blocking or confiscation. The ASTL project is a simple and elegant solution for potential investors – an investment in the development of the real sector of a diversified portfolio of cryptocurrencies, with a fairly high APR (up to 14%) with payments in stablecoin (USDT) and the possibility of a full return on investment through the subsequent sale of accrued ASTL tokens on leading crypto exchanges . Details can be found at

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