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11 charts to interpret the crypto market in March: multiple online indicators hit record highs

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Original author: Lars, head of research at The Block

Original compilation: Jordan, PANews

The cryptocurrency market continued its growth in March, and most crypto industry indicators hit record highs. This article will use 12 charts to interpret the crypto market conditions over the past month.

1. In March, the overall transaction volume of Bitcoin and Ethereum on the chain increased by 59.3% after adjustment, reaching 587 billion US dollars. Among them, the transaction volume of Bitcoin after adjustment increased by 59.5%, and the transaction volume of Ethereum increased by 20%. Reached 59.1%.

2. After the adjustment in March, the transaction volume on the stablecoin chain increased significantly, rising to 893.8 billion U.S. dollars, an increase of 41.3%; the supply scale of issued stablecoins increased, with an increase of 6.2% to reach 137.4 billion U.S. dollars, of which The U.S. dollar stablecoin USDT has a market share of 76.3%, while USDC’s market share has increased slightly to 19.7%.