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

Total adjusted on-chain volume, which is a proxy for economic throughput, saw an increase of 37.3% to a new all-time high of $792.5 billion in April. Overall, Bitcoin’s on-chain volume increased by 22.0% (from $366.3 billion to $446.9 billion), while Ethereum’s on-chain volume increased by 63.9% (from $210.9 billion to $345.6 billion).

In April, Bitcoin’s on-chain volume was 1.3 times higher than Ethereum’s.