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

Institutional•February 1, 2024, 9:38AM EST
January by the numbers: A look at crypto exchange volumes, open interest, and miner revenue

Total adjusted on-chain volume, a proxy for economic throughput, saw an increase of 8.8% to $357 billion in January. Overall, Bitcoin's on-chain volume increased by 10.6% to $220 billion, while Ethereum's on-chain volume increased by 6% to $137 billion.

In January, Bitcoin's on-chain volume was 1.6 times higher than Ethereum's.

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