August 2, 2021, 5:52AM EDT
• 5 min read

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

Quick Take

  • Most metrics recorded continued declines in July. Overall volatility seems to have based.
  • Total adjusted on-chain volume decreased by 29.3% to $405.1 billion.
  • Stablecoin supply grew slightly by 4.5% to a new all-time high of $110.1 billion. Notably, Tether did not issue any more USDT for the second consecutive month.
  • Centralized exchange spot trading volumes declined by 32% to $651.2 billion.

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Already a Research Member? Login Here