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

InstitutionalMarch 1, 2023, 9:25AM EST
UPDATED: April 4, 2023, 5:02PM EDT
February by the numbers: A look at crypto exchange volumes, open interest, and miner revenue
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Total adjusted on-chain volume, which is a proxy for economic throughput, saw a decrease of 0.7%, to $164 billion, in February. Overall, Bitcoin's on-chain volume decreased by 4.3% (from $93 billion to $89 billion), while Ethereum's on-chain volume increased by 4.2% (from $72 billion to $75 billion).

In February, Bitcoin's on-chain volume exceeded Ethereum's by 1.2 times.

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