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

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

Quick Take

  • Several metrics recorded record numbers in January. In many cases, January alone accounted for about 40-50% of total 2020 volume. 
  • Total adjusted on-chain volume saw a very strong increase of 94.4% to a new all-time high of $528.8 billion in January.
  • Adjusted on-chain volume of stablecoins increased by 73.1%, to a new all-time high of $308.7 billion in January.
  • Centralized exchange spot trading volumes increased by 138.7%, to a new all-time high of $916.6 billion in January.
  • Ethereum miners revenue increased by 123.3%, to a new all-time high of $829.6 million in January.

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Crypto data service Lukka hires lead sales exec from Genesis

Genesis Global Trading’s head of institutional sales is joining crypto data services provider Lukka.

The post Crypto data service Lukka hires lead sales exec from Genesis appeared first on The Block.

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India Minister Suggests Modi Government Not Planning Outright Crypto Ban

A recent bulletin from India’s lower house had once more raised fears of an total cryptocurrency ban.

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DeFi Privacy Is Getting a Boost From Polkadot Parachain Manta Network

Manta Network will build MantaSwap now that it has closed a $1.1 million funding round.

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Alameda Research Joins Up With Interoperability Project Ren

Sam Bankman-Fried’s Alameda Research has acquired RenVM to bring more DeFi assets to Solana.

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Polychain leads $1.1 million seed round in privacy DEX Manta Network

Other investors include Hypersphere Ventures, Three Arrows Capital, Defiance Capital, Multicoin Capital, Alameda Research, to name a few.

The post Polychain leads $1.1 million seed round in privacy DEX Manta Network appeared first on The Block.

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MicroStrategy Adds to Bitcoin Trove With Another $10M Purchase

MicroStrategy now holds 71,079 BTC.

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Russia and US Dominate Global Dark Market Traffic: Report

Darknet marketplaces received $1.7 billion during 2020, mostly from Russia, the U.S., Ukraine and China, Chainalysis says.

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ConsenSys, Securosys Combine Tech for ‘Secure’ Way to Stake on Ethereum 2.0

The method employs Securosys’ hardware security modules to keep participants’ keys safe.

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First Mover: Federal Reserve Soup Now Includes Bitcoin, DeFi, Silver, GameStop

Market news from crypto to Wall Street is all over the place.

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