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

Total adjusted on-chain volume, which is a proxy for economic throughput, saw a slight decline of 2.2% to $577.2 billion in March. Overall, Bitcoin’s on-chain volume increased by 14.7% (from $319.3 billion to $366.3 billion), while Ethereum’s on-chain volume decreased by 22.2% (from $271.1 billion to $210.9 billion).

In March, Bitcoin’s on-chain volume was 1.7 times higher than Ethereum’s.