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

InstitutionalSeptember 1, 2023, 8:42AM EDT
August by the numbers: A look at crypto exchange volumes, open interest, and miner revenue
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Total adjusted on-chain volume, a proxy for economic throughput, saw a decrease of 6.3%, to $176 billion, in August. Overall, Bitcoin's on-chain volume decreased by 6.7%, to $106 billion, while Ethereum's on-chain volume decreased by 5.7%, to $71 billion.

In August, Bitcoin's on-chain volume was 1.5 times higher than Ethereum's.

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