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

InstitutionalJune 1, 2022, 10:01AM EDT
UPDATED: April 28, 2023, 6:09PM EDT
May 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 a decrease of 5.9%, to $782 billion, in May. Overall, Bitcoin's on-chain volume decreased by 11% (from $655 billion to $583 billion), while Ethereum's on-chain volume increased by 13.1% (from $176 billion to $199 billion).

In May, Bitcoin's on-chain volume exceeded Ethereum's by 2.9 times.

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