On record market capitalization, the crypto market surged to an all-time high of $3.47 trillion, driven by institutional inflows and a renewed appetite for risk-on assets following the U.S. election.

Both Bitcoin and Ether spot ETFs saw historic inflows in November. Bitcoin ETFs recorded $6.5 billion in net inflows, including the largest-ever weekly inflow of $3.3 billion, while Ether ETFs saw $1.1 billion in inflows.

The Altcoin Season Index also rose sharply, with the total market capitalization of top 100 altcoins reaching $1.47 trillion, although still shy of the threshold for an official altcoin season.

Solana's daily fees exceeded Ethereum's for 14 consecutive days in November, peaking at $14 million, fueled by soaring DEX volumes topping $120 billion.

For the first time since 2022, Ethereum overtook Tron as the leading network for USDT stable coins, with its supply surging by 31.4% to $61.8 billion in November, underscoring its growing appeal to institutional users and dominance in DeFi.

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