July by the numbers: A look at crypto exchange volumes, open interest, and miner revenue
August 11, 2020, 8:15AM EDT · 5 min read
Quick Take
- Total adjusted on-chain volume, a proxy for economic throughput, saw an increase of 15.7% M/M
- The stablecoin supply grew by 10% M/M from $12.0 billion to $13.2 billion
- The adjusted on-chain volume of stablecoins hit yet another all-time and grew by 53% M/M
- Ethereum miners generated $143.8M in revenue representing a M/M increase of 21% and a 23-month high
- After last month’s 32% decline, cryptocurrency traded volumes saw a 51% increase in July
Adjusted on-chain volume Total adjusted on-chain volume, which is a proxy for economic throughput, saw an increase of 15.7% in July, which is a yearly high. Bitcoin’s on-chain volume increased by 6.8% (from $61.9 to $66.1 billion) while Ethereum’s increased by 50.0% (from $16.0 billion to $24.0 billion). Bitcoin’s on-chain volume was 2.75 times higher than […]
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