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

InstitutionalJune 1, 2023, 9:18AM EDT
UPDATED: June 1, 2023, 9:29AM EDT
May by the numbers: A look at crypto exchange volumes, open interest, and miner revenue
Partner offers

We'd love your feedback.

Advertisement

Total adjusted on-chain volume, a proxy for economic throughput, saw a decrease of 5.3%, to $196 billion, in May. Overall, Bitcoin's on-chain volume decreased by 13.3% (from $113 billion to $98 billion), while Ethereum's on-chain volume increased by 3.2% (from $95 billion to $98 billion).

In May, Bitcoin's on-chain volume was on par with Ethereum's.

Expert insights. Delivered.

Get access to a suite of news, research, data, and funding tools