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

InstitutionalFebruary 1, 2023, 9:03PM EST
UPDATED: April 5, 2023, 4:16PM EDT
January 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 an increase of 14.6%, to $165 billion, in January. Overall, Bitcoin's on-chain volume increased by 8.1% (from $86 billion to $93 billion), while Ethereum's on-chain volume increased by 24.1% (from $58 billion to $72 billion).

In January, Bitcoin's on-chain volume exceeded Ethereum's by 1.3 times.

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