Data review of the crypto market performance in October: BTC on-chain transaction volume increased by 32%

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ODAILY
11-05
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Original author: Lars, The Block Researcher

Compiled by TechFlow

Most indicators have seen an increase. The adjusted on-chain total transaction volume grew by 28.1% to reach $420 billion, with BTC increasing by 32.1% and ETH increasing by 20.9%:

The adjusted on-chain transaction volume of stablecoins grew by 8% to reach $899 billion; meanwhile, the total supply decreased by 0.7% to $149.3 billion, with Tether (USDT) occupying 79.5% of the market share and USD Coin (USDC) occupying 16.9%:

Bitcoin miner revenue increased by 25.4% to $1.02 billion, while Ethereum staker revenue grew by 5.8% to $221.5 million:

A total of 41,648 ETH were burned this month, equivalent to $105 million. Since the introduction of the EIP-1559 protocol in early August 2021, a cumulative 4.43 million ETH have been burned, worth around $12.5 billion:

The monthly trading volume of the Non-Fungible Token (NFT) market on Ethereum increased by 26.5% to $121.6 million:

The spot trading volume of compliant centralized exchanges (CEX) grew by 16.3% to $843 billion:

The monthly net inflows for all Bitcoin spot ETFs were $5.3 billion. IBIT set a new single-day inflow record of $872 million on October 30:

In the futures market: for open interest, BTC reached a new high, growing by 22.9%, while ETH grew by 14.6%; in terms of trading volume, BTC's monthly futures trading volume increased by 12.1% to $1.25 trillion, while ETH increased by 4.8%:

The open interest in Bitcoin futures on the Chicago Mercantile Exchange (CME) increased by 21.5% to a new high of $12.5 billion, while the daily average trading volume increased by 9.6% to $5.3 billion:

The monthly trading volume of Ethereum futures increased by 4.8% to $488 billion:

In the options market, for open interest, BTC grew by 35.7%, while ETH remained unchanged. BTC's monthly options trading volume increased by 39.8% to $54 billion, while ETH grew by 4.7% to $10.2 billion:

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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