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

Quick Take

• Most metrics recorded record severe declines in June, with Ethereum metrics recording a higher beta than Bitcoin metrics.
• Total adjusted on-chain volume decreased by 46.6% to $572.7 billion.
• Stablecoin supply grew slightly by 3.7% to a new all-time high of $105.4 billion. Notably, Tether did not issue any more stablecoins in June.
• Centralized exchange spot trading volumes declined by 56% to $958.3 billion.

This research piece is available to members of The Block Genesis. You can continue reading this Genesis research on The Block.

You may also like