Stablecoin on-chain transactions increase 22.2% to $742.6 billion in January

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2024/02/01 16:37

he Block Pro data shows that BTC miners' revenues decreased by 13.6% YoY to $1.35 billion in January, while ETH pledgers' revenues increased by 1.4% to $187 million.

The average grey GBTC daily trading volume in January increased by 302.7% YoY to $784 million. This was due to the approval of GBTC's application in January and its subsequent conversion to a Bitcoin Spot ETF.

A total of 75,037 ETH was destroyed in January, which is approximately $180 million. Since the implementation of EIP-1559 at the beginning of August 2021, a total of 3.97 million ETH have been destroyed, or approximately $10.98 billion. Transactions on the Ether NFT platform increased by 6.2% in January to $828.8 million.

Additionally, Compliance CEX spot trading volume increased by 4.9% to $628.1 billion in January. Coinbase has a 71% market share, Coinbase has a 12.1% market share, Kraken has a 4.9% market share, and LMAX Digital has a 3.7% market share.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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