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

InstitutionalMarch 1, 2022, 9:24AM EST
UPDATED: May 2, 2023, 5:05PM EDT
February by the numbers: A look at crypto exchange volumes, open interest, and miner revenue
Partner offers

We'd love your feedback.

Advertisement

Total adjusted on-chain volume, which is a proxy for economic throughput, saw a decrease of 6%, to $589 billion, in February. Overall, Bitcoin's on-chain volume increased by 3.5% (from $406 billion to $420 billion), while Ethereum's on-chain volume decreased by 23.5% (from $220 billion to $168 billion).

In February, Bitcoin's on-chain volume exceeded Ethereum's by 2.5 times.

Expert insights. Delivered.

Get access to a suite of news, research, data, and funding tools