October Crypto Market Review: BTC On-Chain Transaction Volume Grows 32%, CEX Spot Trading Volume Reaches $843 Billion
TechFlow Selected TechFlow Selected
October Crypto Market Review: BTC On-Chain Transaction Volume Grows 32%, CEX Spot Trading Volume Reaches $843 Billion
The monthly trading volume of Ethereum futures increased by 4.8% to $488 billion.
Navigating Web3 tides with focused insightsAuthor: Lars, The Block Researcher
Translation: TechFlow
Most metrics showed improvement. Adjusted on-chain total transaction volume increased by 28.1% to $420 billion, with Bitcoin (BTC) up 32.1% and Ethereum (ETH) up 20.9%:
Adjusted stablecoin on-chain transaction volume rose 8% to $899 billion, while issuance decreased 0.7% to $149.3 billion. Tether (USDT) held 79.5% of the market share, and USD Coin (USDC) accounted for 16.9%:
Bitcoin miners' revenue increased by 25.4% to $1.02 billion, while Ethereum stakers' revenue rose 5.8% to $221.5 million:
A total of 41,648 ETH were burned this month, equivalent to $105 million. Since the implementation of EIP-1559 in early August 2021, a cumulative 4.43 million ETH have been burned, worth approximately $12.5 billion:
Monthly NFT marketplace trading volume on Ethereum increased by 26.5% to $121.6 million:
Spot trading volume on compliant centralized exchanges (CEX) grew 16.3% to $843 billion:
Monthly net inflows for all Bitcoin spot ETFs totaled $5.3 billion. IBIT recorded its highest single-day inflow of $872 million on October 30:
Futures market: Open interest reached new highs, increasing 22.9% for Bitcoin (BTC) and 14.6% for Ethereum (ETH). In terms of volume, BTC's monthly futures trading volume rose 12.1% to $1.25 trillion, while ETH increased 4.8%:
CME Bitcoin futures open interest increased 21.5% to a record high of $12.5 billion, while daily average volume rose 9.6% to $5.3 billion:
Monthly Ethereum futures trading volume increased 4.8% to $488 billion:
In the options market, open interest rose 35.7% for BTC while remaining flat for ETH. BTC's monthly options trading volume surged 39.8% to $54 billion, while ETH increased 4.7% to $10.2 billion:
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
The Block
