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

InstitutionalAugust 1, 2024, 9:42AM EDT
July 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 an increase of 31.8% to $445 billion in July. Overall, Bitcoin's on-chain volume increased by 34.7% to $268 billion, while Ethereum's on-chain volume increased by 27.7% to $177 billion.

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

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