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

Total adjusted value settled – which is a proxy for economic throughput – saw a decrease of 13.2% in April. Bitcoin’s average daily value settled shrank from $1.96 billion to $1.67 billion. Figures for Ethereum and stablecoins fell from $1.69 billion to $1.49 billion, respectively.

With the sudden growth of stablecoins in recent months, Ethereum has closed the gap on Bitcoin in terms of the value settled on-chain. It’s also worth noting that stablecoins now settle more than three times value on Ethereum than Ether (ETH) itself.