January was a record month for Bitcoin's price and network activity, with more than 22.iii million unique addresses actively sending or receiving BTC over 31 days.

The milestone was spotted by crypto market data aggregator Glassnode, who tweeted that January had seen the highest monthly number of unique active addresses in Bitcoin's history:

January's spike in activity beats out the previous record of more than 21 million active addresses from December 2017. Since 2017, the number of unique addresses engaging with Bitcoin has not fallen beneath 10 million per calendar month.

Despite the increase in unique active wallets, Glassnode also noted the number of "active entities" on the Bitcoin network has decreased significantly since spiking into new highs in early January.

Glassnode defines an entity as "a cluster of addresses that are controlled past the same network entity."

Bitcoin trade volumes spiked to tape levels final month every bit Bitcoin surged past $30,000 to post best highs near $42,000 on Jan. 8 before posting three weeks of aggressive range-bound consolidation.

BTC/USD since Dec 2020, 4-hr nautical chart: TradingView

On Feb. two, U.Southward.-based exchange Kraken appear information technology had processed more transactional book during Jan 2021 than information technology had during all of 2019, with $56 billion worth of assets changing hands on the platform last month.

The month saw numerous cryptocurrency exchanges experience outages, with Kraken and Coinbase announcing measures intended to prevent future failures in the event of surging traffic and book.