In March, many indicators of the encryption market hit record highs, and the total transaction volume on the chain increased by 59.3%

PANews reported on April 2 that according to data released by @lars0x, research director of The Block, most indicators continued to grow in March, with many of them hitting record highs. Total adjusted on-chain transaction volume increased by 59.3% to $587 billion (BTC: +59.5%, ETH: +59.1%). After adjustment, the transaction volume on the stablecoin chain increased by 41.3% to US$893.8 billion; the issuance volume increased by 6.2% to US$137.4 billion, of which the market shares of USDT and USDC were 76.3% and 19.7% respectively:

BTC miner revenue increased by 44.9% in March to a new high of $2.01 billion, while ETH staker revenue increased by 44.5% to $309.3 million. A total of 147,620 ETH were destroyed in March, equivalent to $543 million. Since the implementation of EIP-1559 in early August 2021, a total of 4.23 million ETH has been destroyed, equivalent to US$11.84 billion. Monthly NFT market trading volume on Ethereum fell 3.6% to $726 million.

Legitimate CEX spot trading volume increased by 115.8% in March to $1.44 trillion, with noteworthy market shares: Binance at 78.5%, Coinbase at 10.9%, Kraken at 3.4%, and LMAX Digital at 1.3%. Bitcoin futures positions increased by 33.2%, and Ethereum futures positions increased by 18.6%. BTC monthly futures trading volume increased by 80.8% to $2.02 trillion. CME Bitcoin futures open interest increased by 49.5% to US$11.7 billion, reaching a record high (average daily trading volume increased by 114.8% to a new high of US$68 billion); ETH futures monthly trading volume increased by 60.9% to US$893.8 billion. Bitcoin’s monthly options trading volume increased by 18.5% to a record high of $46.75 billion, and ETH’s monthly options trading volume increased by 23.6% to $20.99 billion.