TechFlow news, November 4 — Lars, Director of Research at The Block, released October market data showing significant growth across multiple crypto market indicators. Adjusted on-chain total trading volume rose 28.1% to $420 billion, with Bitcoin up 32.1% and Ethereum up 20.9%. Stablecoin on-chain transaction volume increased 8% to $899 billion, while issuance slightly declined 0.7% to $149.3 billion, with USDT and USDC holding market shares of 79.5% and 16.9%, respectively.
Bitcoin miner revenue grew 25.4% to $1.02 billion, while Ethereum staker revenue rose 5.8% to $221.5 million. A total of 41,648 ETH, worth $105 million, were burned on Ethereum. NFT market trading volume on Ethereum increased 26.5% to $121.6 million. Spot trading volume on compliant centralized exchanges rose 16.3% to $843 billion.
Bitcoin spot ETF net inflows reached $5.3 billion, with IBIT setting a new single-day record of $872 million in net inflows on October 30. In the futures market, Bitcoin open interest surged 22.9%, reaching an all-time high, while Ethereum's open interest rose 14.6%. CME Bitcoin futures open interest climbed 21.5% to a record high of $12.5 billion.
