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

Mar 3, 2021 | The Block News | 0 comments

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.

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

News Source from TheBlockCrypto.com

Related Articles

5 reasons Bitcoin and Ethereum plummeted 15% in a single day

5 reasons Bitcoin and Ethereum plummeted 15% in a single day

Bitcoin and Ethereum fell 15% and 20%, respectively, in one day, but why so much and so quickly? The price of Bitcoin (BTC) and Ether (ETH) fell by 15% and 20%, respectively, on April 23 as the cryptocurrency market became engulfed in a major correction. Five factors...

Pin It on Pinterest

Share This