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

Quick Take

  • Despite February being the shortest month of the year, several metrics recorded new records.
  • Total adjusted on-chain volume saw a moderate increase of 11.6% to a new all-time high of $590 billion.
  • Adjusted on-chain volume of stablecoins increased by 24.9%, to a new all-time high of $381.9 billion.
  • For the first time since July 2017, Ethereum miners revenue is on par with Bitcoin miners revenue at $1.36 billion.
  • Centralized exchange spot trading volumes increased by 25.7%, to a new all-time high of $1.153 trillion.
The Block Research analyzes the development of relevant metrics for the month of February.

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