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

InstitutionalApril 3, 2023, 9:50AM EDT
UPDATED: May 9, 2023, 2:26PM EDT
March 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 48.8%, to $255 billion, in March. Overall, Bitcoin's on-chain volume increased by 48.3% (from $89 billion to $132 billion), while Ethereum's on-chain volume increased by 62.7% (from $75 billion to $112 billion).

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

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