May by the numbers: A look at crypto exchange volumes, open interest, and miner revenue
Quick Take
- Several metrics recorded record numbers in May.
- Ethereum flipped Bitcoin in adjusted on-chain volume and miner revenue.
- Total adjusted on-chain volume increased by 35.4% to a new all-time high of $1.07 trillion.
- Stablecoin supply grew by 26.2% to a new all-time high of $101.6 billion.
- Centralized exchange spot trading volumes increased by 38% to a new all-time high of $2.18 trillion.
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Author: Lars Hoffmann
