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

InstitutionalJune 1, 2024, 11:24PM 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, a proxy for economic throughput, saw a decrease of 4.4% to $390 billion in May. Overall, Bitcoin's on-chain volume decreased by 4.7% to $230 billion, while Ethereum's on-chain volume decreased by 3.9% to $160 billion.

In May, Bitcoin's on-chain volume was 1.4 times higher than Ethereum's.

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