June 1, 2021, 11:05AM EDT
• 6 min read

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

Quick Take

  • Several metrics recorded record numbers in May.
  • Ethereum flipped Bitcoin in adjusted on-chain volume and miner revenue.
  • Total adjusted on-chain volume increased by 35.4% to a new all-time high of $1.07 trillion.
  • Stablecoin supply grew by 26.2% to a new all-time high of $101.6 billion.
  • Centralized exchange spot trading volumes increased by 38% to a new all-time high of $2.18 trillion.

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