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Data: Most indicators in the cryptocurrency market continued to decline in June, with total on-chain transaction volume decreasing by 13.4%

Data: Most indicators in the cryptocurrency market continued to decline in June, with total on-chain transaction volume decreasing by 13.4%

Bitget2024/07/02 05:36

PANews reported on July 2nd, according to a post by The Block's research director @lars0x, most indicators in the crypto market continued to decline in June. The adjusted total on-chain transaction volume fell by 13.4% to $338 billion (BTC: -13.4%, ETH: -13.4%). The adjusted stablecoin on-chain transaction volume decreased by 4.5% to $839.6 billion, with the issuance supply increasing by 0.4% to $142.6 billion; of which USDT accounted for 79.1%, and USDC accounted for 17%.

In June, BTC miners' income dropped by 0.1% to $961 million, while ETH stakers increased by 8.1% to $289 million:. A total of 26,338 ETH were burned in June, equivalent to $95 million USD since EIP-1559 was implemented in early August of last year; a total of approximately four million three hundred thirty thousand ETH have been burned so far worth about twelve point two billion dollars.

The monthly NFT market trading volume on Ethereum fell by18 .4 %to$280million.

In June,the legal CEX spot trading volume declinedby18 .5 %to$658billion ,with Binance holdinga64 %market share ,Bybit accountingfor17 .8 %and Coinbase and Kraken representing9 %and2 .7 %

Bitcoin futures open interest decreasedby6 .9 %. Ethereum futures open interest decreasedby3 .1 %. BTC monthly futures trading volumedecreased19 .9 %toone trillion dollars,and ETF monthly futures trading volumedropped23 .

CME Bitcoin future's outstanding contracts reducedby9 .6 %to93billion dollars(daily turnover increased3

ETH future'smonthlytradingvolumedeclined23

Bitcoin 'smonthlyoptions trading volumedropped7 .9 %to43billion dollars,and ETH 'smonthlyoptions trading volumefell46 .2 %to16.9 billion dollars.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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