In the last month of 2022 that has just passed, the encryption market still has not escaped the impact of the bankruptcy of FTX and AlamedaResearch. Driven by this trend, what changes have taken place in the encryption market? Let's use 12 charts for an in-depth interpretation.
1. After adjustment, the total transaction volume on the chain decreased by 44%, falling to 144 billion US dollars, of which the transaction volume on the Bitcoin chain decreased by 41.1%, and that of Ethereum decreased by 49.6%.
2. The adjusted transaction volume on the stablecoin chain dropped by 27.5% to US$665.9 billion, and the issued supply scale shrank by 3% to US$135.3 billion, of which USDT’s market share reached 52.1%, USDC’s market share Accounted for 30.7%.
3. However, in December, the revenue of Bitcoin miners increased by 0.9%, rebounding to $476.7 million, but the revenue of Ethereum pledgers fell by 9.6%, to $80.3 million.
4. In the past December of 2022, a total of 49,117 ETH, or approximately $60.7 million, have been destroyed on the Ethereum chain. Since the implementation of EIP-1559 in early August 2021, the total burning volume on the Ethereum chain has exceeded 2.8 million ETH, worth more than 8.79 billion U.S. dollars, of which the burning volume in May last year was relatively high, mainly due to the NFT sales of the Otherside virtual land cause.
5. The transaction volume of the Ethereum chain NFT market has increased by 5.2%, totaling approximately US$401 million.
6. The compliant CEX spot transaction volume fell to 357.5 billion US dollars, a decrease of 46.9%.
7. In terms of CEX market share, Binance reached an astonishing 77.8%, Coinbase accounted for 9.8%, Kraken accounted for 3.9%, and BTSE accounted for 2.1%.
8. The average daily trading volume of GBTC plummeted by 55.5% to a low of $33 million.
9. In terms of futures positions, both Bitcoin futures and Ethereum futures positions fell in December. Among them, the positions of Bitcoin futures decreased by 7%, and the positions of Ethereum futures decreased by 8.3%. In terms of futures trading volume, the trading volume of Bitcoin futures and Ethereum futures also declined in December. Among them, the trading volume of Bitcoin monthly futures decreased by 39% to 379 billion US dollars.
In October and December, the open interest of CME Group's Bitcoin futures fell by 11.1% to $1.36 billion, and the average daily trading volume was only $632 million, down 53.1%.
11. In terms of Ethereum futures, the monthly transaction volume dropped to 364 billion US dollars, a drop of 38.6%.
12. In terms of option positions, both Bitcoin options and Ethereum option positions have declined, with Bitcoin falling by 30% and Ethereum by about 43.1%. Both Bitcoin options trading volume and Ethereum options trading volume also fell. The former fell by 42.1% in December to $7.7 billion; the latter fell by about 45% to $5.5 billion.
