TechFlow news, Lars0x, The Block's Research Director, summarized June's crypto market data on X platform with the following key points:
- Adjusted total on-chain transaction volume decreased by 13.4% to $338 billion (both BTC and ETH down 13.4%).
- Adjusted stablecoin on-chain transaction volume declined by 4.5% to $839.6 billion; issued supply increased by 0.4% to $142.6 billion, with USDT and USDC accounting for 79.1% and 17% of market share respectively.
- BTC miner revenue slightly dropped by 0.1% to $961.9 million, while ETH staker revenue rose 8.1% to $289.2 million.
- In June, a total of 26,338 ETH were burned, equivalent to $95.1 million. Since the implementation of EIP-1559 in early August 2021, a total of 4.33 million ETH have been burned, worth $12.2 billion.
- Ethereum's monthly NFT market trading volume fell 18.4% to $280.5 million.
- CEX spot trading volume under regulatory compliance decreased 18.5% to $658.8 billion, with Binance accounting for 64%, Bybit 17.8%, Coinbase 9%, and Kraken 2.7%.
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