11 charts review the crypto market in June: most indicators continue to fall

Original author: Lars, head of research at The Block

Original translation: Jordan, PANews

In the past June, most indicators of the cryptocurrency market continued to fall. This article will use 11 pictures to interpret the crypto market conditions in the past month.

1. In June, the adjusted total transaction volume of Bitcoin and Ethereum on the chain fell by 13.4% to US$338 billion, of which the adjusted transaction volume of Bitcoin and Ethereum on the chain fell by 13.4%.

2. The adjusted stablecoin on-chain transaction volume in June fell by 4.5% to $839.6 billion; the issued stablecoin supply increased, but the increase was only 0.4%, rising to $142.6 billion, of which the market share of the US dollar stablecoin USDT increased to 79.1%, while the market share of USDC fell slightly to 17%.

3. Bitcoin miner revenue fell to $961.9 million in June, a smaller drop of 0.1%. In addition, Ethereum staking revenue rose by 8.1% to $289.2 million.

4. In June, the Ethereum network destroyed a total of 26,338 ETH, equivalent to $95.1 million. Data shows that since the implementation of EIP-1559 in early August 2021, Ethereum has destroyed a total of about 4.33 million ETH, worth about $12.2 billion.

5. In June, the NFT market transaction volume on the Ethereum chain continued to decline significantly, falling by 18.4%, further falling to about $280.5 million.

6. The spot trading volume of compliant centralized exchanges (CEX) fell in June, down 18.5% to $658.8 billion.

7. The spot market share rankings of major cryptocurrency exchanges in June are as follows: Binance is 64% (a significant decrease from May), Bybit is 17.8%, Coinbase is 9%, and Kraken is 2.7%.

8. In terms of crypto futures, the open interest of Bitcoin futures fell by 6.9% in June; the open interest of Ethereum futures fell by 3.1%; in terms of futures trading volume, the trading volume of Bitcoin futures fell by 19.9% in June to $1 trillion, and the trading volume of Ethereum futures fell by 23.8%.

9. In June, the open interest of CME Bitcoin futures decreased by 9.6% to $9.3 billion, but the daily avg volume increased by 3.4% to about $4.5 billion.

10. The average monthly trading volume of Ethereum futures in June dropped sharply to $528.1 billion, a decrease of 23.8%.

11. In terms of cryptocurrency options, the open interest of Bitcoin options fell by 39.45% in June, and the open interest of Ethereum also fell sharply, by 55.6%. In addition, in terms of Bitcoin and Ethereum options trading volume, Bitcoin options trading volume fell to $43.1 billion, a decrease of 7.9%; Ethereum options trading volume fell by 46.2%, to $16.9 billion.

Original link