Original author: Lars, Head of Research at The Block

Original translation: Jordan, PANews

1. In August, the adjusted total on-chain transaction volume of Bitcoin and Ethereum fell by 15.3% as a whole to $377 billion, of which Bitcoin’s adjusted on-chain transaction volume fell by 12.1% and Ethereum’s fell by 20.2%.

2. In August, the adjusted on-chain transaction volume of stablecoins increased by 20.5% to 1.2 trillion US dollars, and the supply of stablecoins issued increased by 2.9% to 148.4 billion US dollars, of which USDT and USDC had market shares of 78.7% and 17.4% respectively.

3. Bitcoin miner revenue reached $851.4 million in August, down 10.4%. In addition, Ethereum staking revenue also fell 19.3% to $218.2 million.

4. In August, the Ethereum network destroyed a total of 13,467 ETH, equivalent to $34.9 million. Data shows that since the implementation of EIP-1559 in early August 2021, Ethereum has destroyed a total of about 4.37 million ETH, worth about $12.3 billion.

5. In August, the transaction volume of the NFT market on the Ethereum chain continued its downward trend, falling by 12.8%, further falling to approximately US$123.2 million.

6. Spot trading volume on compliant centralized exchanges (CEX) increased in August, up 13.7% to $877.5 billion.

7. In August, the net inflow of spot Bitcoin ETF showed negative growth, with outflow amount of approximately US$422.1 million.

8. In terms of crypto futures, the open interest of Bitcoin futures fell by 17.9% in August; the open interest of Ethereum futures fell by 28.6%; in terms of futures trading volume, Bitcoin futures trading volume fell by 20.2% in August to 1.33 trillion US dollars, and Ethereum futures trading volume fell by 22.2%.

9. In August, the open interest of CME Bitcoin futures decreased by 15.3% to $9 billion, and the daily avg volume decreased by 0.2% to approximately $5.04 billion.

10. In August, the average monthly trading volume of Ethereum futures fell by US$587.5 billion, a drop of 22.2%.

11. In terms of cryptocurrency options, the open interest of Bitcoin options fell by 3.8% in August, and the open interest of Ethereum options also fell by 13.9%. In addition, in terms of Bitcoin and Ethereum options trading volume, the monthly Bitcoin options trading volume reached $53.8 billion, down 5.4%; the Ethereum options trading volume was $15.5 billion, basically the same as last month.