June Crypto Market Performance Lags: Analysis of 11 Key Data Points

In June, the overall performance of the crypto market was poor, with most indicators continuing to decline. This article will analyze the state of the encryption market over the past month through 11 key data points.

1. The total on-chain transaction volume decreased by 13.4%, falling to $338 billion. The on-chain transaction volume of both Bitcoin and Ethereum saw a decline of 13.4%.

2. The transaction volume of stablecoins on the blockchain declined by 4.5%, reaching $839.6 billion. The supply of issued stablecoins increased slightly by 0.4%, reaching $142.6 billion. The market share of USDT rose to 79.1%, while USDC slightly decreased to 17%.

3. Bitcoin miner revenue slightly decreased by 0.1% to $961.9 million. Ethereum staking revenue increased by 8.1% to $289.2 million.

4. The Ethereum network has burned 26,338 ETH, worth approximately $95.1 million. Since the implementation of EIP-1559 in August 2021, a total of about 4.33 million ETH has been burned, worth $12.2 billion.

5. The trading volume of the NFT market on the Ethereum chain has decreased by 18.4%, down to $280.5 million.

6. The trading volume of compliant centralized exchanges has decreased by 18.5% to $658.8 billion.

7. Major exchanges' spot market share: a certain trading platform 64% (significantly down from May), another platform 17.8%, another platform 9%, and other platforms 2.7%.

8. The open interest of Bitcoin futures fell by 6.9%, while the open interest of Ethereum futures decreased by 3.1%. The trading volume of Bitcoin futures dropped by 19.9% to $1 trillion, and the trading volume of Ethereum futures fell by 23.8%.

9. The open interest in Bitcoin futures on a certain commodity exchange decreased by 9.6% to $9.3 billion, while the average daily trading volume increased by 3.4% to $4.5 billion.

10. The monthly average trading volume of Ethereum futures has decreased significantly by 23.8%, dropping to $528.1 billion.

11. The open interest of Bitcoin options fell by 39.45%, while the open interest of Ethereum options dropped by 55.6%. The monthly trading volume of Bitcoin options decreased to $43.1 billion (down 7.9%), and the trading volume of Ethereum options fell to $16.9 billion (down 46.2%).

Overall, most indicators in the crypto market showed a downward trend in June, reflecting the overall sluggish state of the market.