September by the numbers: A look at crypto exchange volumes, open interest, and miner revenue

Quick Take

  • Total adjusted on-chain volume, which is a proxy for economic throughput, saw an increase of 18.4% in September to ~$148B
  • Cryptocurrency traded volumes saw an 11.4% decrease in September
  • Transaction fees on Ethereum increased significantly and reached an all-time high of more than 50% of the total miner revenue
Adjusted on-chain volume Total adjusted on-chain volume, which is a proxy for economic throughput, saw an increase of 18.4% in September, a 31-month high. The increase was primarily the result of Ethereum’s on-chain volumes. Bitcoin’s on-chain volume decreased by 4% (from $80.9 billion to $77.7 billion) while Ethereum’s increased by 60.1% (from $43.7 billion to […]

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