June by the numbers: A look at crypto exchange volumes, open interest, and miner revenue
Quick Take
- Most metrics recorded record severe declines in June, with Ethereum metrics recording a higher beta than Bitcoin metrics.
- Total adjusted on-chain volume decreased by 46.6% to $572.7 billion.
- Stablecoin supply grew slightly by 3.7% to a new all-time high of $105.4 billion. Notably, Tether did not issue any more stablecoins in June.
- Centralized exchange spot trading volumes declined by 56% to $958.3 billion.
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Author: Lars Hoffmann
