The Block Research Director @lars0x disclosed March encryption market-related data on the X platform. The key points are as follows:
Most indicators continue to grow, with many hitting all-time highs;
Total adjusted on-chain trading volume increased 59.3% to $587 billion (BTC: +59.5%, ETH: +59.1%);
Adjusted stablecoin on-chain trading volume increased 41.3% to $893.8 billion;
The issued supply increased by 6.2% to $137.4 billion, with the market shares of USDT and USDC being 76.3% and 19.7% respectively;
BTC miner revenue increased 44.9% to a new high of $2.01 billion, while ETH staker revenue increased 44.5% to $309.3 million;
A total of 147,620 ETH was destroyed, equivalent to $543 million;
Since the implementation of EIP-1559 in early August 2021, a total of 4.23 million ETH, equivalent to $11.84 billion, has been destroyed;
Ethereum’s monthly NFT market trading volume fell 3.6% to $726 million;
CEX legal spot trading volume grew 115.8% to $1.44 trillion, with market shares as follows:
Binance 78.5%, Coinbase 10.9%, Kraken 3.4%, LMAX Digital 1.3%;
In futures, open interest: BTC increased by 33.2%, ETH increased by 18.6%;
In terms of trading volume, BTC monthly futures trading volume increased by 80.8% to $2.02 trillion;
CME Bitcoin futures open interest increased 49.5% to a new high of $11.7 billion (average daily trading volume increased 114.8% to a new high of $6.8 billion);
ETH futures: Monthly trading volume increased 60.9% to $893.8 billion;
In options, open interest: BTC down 1.9%, ETH down 6.6%;
Both hit new highs on March 29. BTC monthly options trading volume increased by 18.5% to a new high of $46.75 billion, and ETH monthly options trading volume increased by 23.6% to a new high of $20.99 billion.