Data: In July, many indicators in the cryptocurrency market rebounded, with total on-chain transaction volume increasing by 31.8%

2024-08-02 19:52:36
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ChainCatcher news, according to a post by The Block's research director @lars0x, many indicators in the crypto market rebounded in July, with adjusted total on-chain transaction volume increasing by 31.8% to $445 billion (BTC: +34.7%, ETH: +27.7%). Adjusted on-chain stablecoin transaction volume grew by 18.8% to $997 billion, with the issuance supply increasing by 1.2% to $144.3 billion, of which USDT accounted for 78.9% and USDC for 17.1%:

In July, BTC miner revenue decreased by 1.2% to $950.2 million, while ETH staker revenue fell by 6.6% to $270.2 million. A total of 17,114 ETH were burned in July, equivalent to $56.4 million. Since the implementation of EIP-1559 in early August 2021, a total of 4.35 million ETH have been burned, amounting to $12.3 billion. Monthly NFT market transaction volume on Ethereum decreased by 49.6% to $140.3 million.

In July, legitimate CEX spot trading volume increased by 6.7% to $702.7 billion, and the monthly net inflow for all BTC spot ETFs grew by 473%, reaching $3.15 billion. Bitcoin futures open interest increased by 15.6%, while Ethereum futures open interest decreased by 5.6%. BTC monthly futures trading volume rose by 65% to $1.66 trillion, and ETF monthly futures trading volume increased by 43.1% to $755.5 billion. CME Bitcoin futures open interest grew by 13.5% to $10.6 billion (with average daily trading volume increasing by 12.3% to $5.05 billion). Bitcoin monthly options trading volume increased by 31.9%, reaching a new high of $56.9 billion, while ETH monthly options trading volume decreased by 8.1% to $15.5 billion.

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