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

Quick Take

• Most metrics continued to recover in September. Ethereum metrics generally exhibited a higher beta.
• Total adjusted on-chain volume increased by 33% to $691.7 billion.
• Stablecoin supply grew slightly by 6.6% to a new all-time high of $120.5 billion.
• Centralized exchange spot trading volumes increased by 13.6% to $1.247 trillion.

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