Crypto transaction volume in the US topped $1 trillion between January and July of this year. The president’s embrace of the digital asset space appears to be the cause.
Crypto activity in the United States skyrocketed in the first half of the year, apparently propelled by President Donald Trump’s controversial personal and regulatory embrace of the digital asset space.
New analysis from the blockchain intelligence firm TRM Labs indicates crypto transaction volume in the US topped $1 trillion between January and July of this year, a 50% increase compared to the same period in 2024. TRM notes that crypto firms witnessed a 30% increase in US web traffic in the six months following the 2024 election.
“What distinguishes this year’s surge is not just the magnitude, but the context,” TRM Labs says in its report. “Our analysis suggests that the growth that began organically in 2023 and 2024 has been reinforced and accelerated by a combination of political, regulatory, and structural factors.
