Macro
Markets
March 1, 2023, 9:25AM EST
• 5 min read

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

Lars Hoffmann

Quick Take

  • February saw overall mixed metrics.
  • Total adjusted on-chain volume decreased by 0.7% to $164 billion.
  • Adjusted on-chain volume of stablecoins decreased by 17.6% to $558.1 billion.
  • A total of 84,885 Ethereum, equivalent to $138.1 million, was burned.
  • Monthly volume of NFT marketplaces on Ethereum increased, by 103.2%, to $1.855 billion.
  • Centralized exchange spot trading volumes increased by 11.4% to $665.8 billion.

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