October by the numbers: A look at crypto exchange volumes, open interest, and miner revenue
Quick Take
- Total adjusted on-chain volume, which is a proxy for economic throughput, saw a decrease of 8.9% in October, to ~$134.5 billion.
- Cryptocurrency traded volumes saw an 25.8% decrease in October.
- Transaction fees on Ethereum decreased significantly to 26.6% of the total miner revenue.
- Aggregated open interest of Bitcoin options reached a new all-time high of $2.41 billion by the end of October.
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Author: Lars Hoffmann