For the cryptocurrency industry, the recently passed October has seen most indicators finally beginning to rebound. This article will review the past month of the cryptocurrency market with 11 charts.
1. In October, the adjusted total on-chain trading volume of Bitcoin and Ethereum grew by 28.1%, rising to $420 billion, with Bitcoin's adjusted on-chain trading volume increasing by 32.1% and Ethereum's by 20.9%.
Source: THE BLOCK PRO
2. In October, the adjusted on-chain trading volume of stablecoins increased by 8%, rising to $899 billion, while the supply of stablecoins decreased by 0.7%, falling to $149.3 billion, with USDT and USDC holding market shares of 79.5% and 16.9%, respectively.
Source: THE BLOCK PRO
3. Bitcoin miners' income increased by 25.4% in October, rising to $1.02 billion. Additionally, Ethereum staking income also rebounded to reach $221.5 million, with an increase of 5.8%.
Source: THE BLOCK PRO
4. In October, a total of 41,648 Ether were burned on the Ethereum network, worth approximately $10.5 million. Data shows that since the implementation of EIP-1559 in early August 2021, Ethereum has burned a total of about 4.43 million Ether, valued at approximately $1.25 billion.
Source: THE BLOCK PRO
5. In October, the trading volume of Ethereum's on-chain NFT market rebounded significantly, with an increase of 26.5%, reaching approximately $121.6 million.
Source: THE BLOCK PRO
6. The spot trading volume of regulated centralized exchanges (CEX) increased by 16.3% in October, rising to $843 billion.
Source: THE BLOCK PRO
7. In October, the net inflow of spot Bitcoin ETFs showed positive growth, with inflows amounting to approximately $5.3 billion. On October 30, the inflow of BlackRock's IBIT reached $872 million, setting a new record.
Source: THE BLOCK PRO
8. In the crypto futures market, the open interest of Bitcoin futures increased by 22.9%; the open interest of Ethereum futures rose by 14.6%. In terms of trading volume, Bitcoin futures trading volume in October rose by 12.1% to $1.25 trillion, while Ethereum futures trading volume increased by 4.8%.
Source: THE BLOCK PRO
9. In October, the open interest of Bitcoin futures on the Chicago Mercantile Exchange increased by 21.5%, reaching $12.5 billion (a historical high), with the daily average trading volume rising by 9.6% to approximately $5.3 billion.
Source: THE BLOCK PRO
10. In October, the average monthly trading volume of Ethereum futures grew to $488.8 billion, an increase of 4.8%.
Source: THE BLOCK PRO
11. In the cryptocurrency options market, the open interest of Bitcoin options increased by 35.76%, while the open interest of Ethereum options remained unchanged. Additionally, in terms of trading volume for Bitcoin and Ethereum options, the monthly trading volume for Bitcoin options reached $54 billion, up 39.8%; for Ethereum options, the trading volume was $10.2 billion, with an increase of 4.7%.
Source: THE BLOCK PRO
[Disclaimer] The market has risks; investment should be cautious. This article does not constitute investment advice, and users should consider whether any opinions, viewpoints, or conclusions in this article align with their specific circumstances. Invest at your own risk.
This article is authorized for reprint from: (PANews)
Original author: Lars, Research Director at The Block
