Cryptocurrency
Macro Analysis
Markets
June 1, 2021, 11:05AM EDT
• 6 min read

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

Lars Hoffmann

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.

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