Macro
Markets
February 1, 2023, 9:03PM EST
• 5 min read

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

Lars Hoffmann

Quick Take

  • January saw a strong rebound in most metrics.
  • Total adjusted on-chain volume increased by 14.6% to $165 billion.
  • Adjusted on-chain volume of stablecoins increased by 1.7% to $677.2 billion.
  • A total of 65,059 Ethereum, equivalent to $95.7 million, was burned.
  • Monthly volume of NFT marketplaces on Ethereum increased, by 46.8%, to $589 million.
  • Centralized exchange spot trading volumes increased by 67.2% to $597.6 billion.

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