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12 charts review the encryption industry in February: NFT leads the encryption market to pick up in early spring

特邀专栏作者

2023-03-02 18:30 (UTC+8)

This article is about 925 words, reading the full article takes about 2 minutes

For the encryption industry, early spring and February were a mixed month. On the one hand, the stablecoin BUSD was hit, and on the other hand, the NFT market led the recovery of the encryption market.

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For the encryption industry, early spring and February were a mixed month. On the one hand, the stablecoin BUSD was hit, and on the other hand, the NFT market led the recovery of the encryption market.

Original author:The Block Research Director @Lars

Original compilation: PANews

Original author:

The Block Research Director @Lars

Original compilation: PANews

For the encryption industry, early spring and February were a mixed month. On the one hand, the stablecoin BUSD was hit, and on the other hand, the NFT market led the recovery of the encryption market.

1. After adjustment, the total transaction volume on the chain decreased by 0.7% to $164 billion, of which the transaction volume on the Bitcoin chain decreased by 4.3%, and the transaction volume on the Ethereum chain increased by 4.2%.

12 charts interpret the encryption industry in February: NFT leads the encryption market to pick up in early spring

12 charts interpret the encryption industry in February: NFT leads the encryption market to pick up in early spring

3. The revenue of Bitcoin miners rose by 4.3% or even $627.1 million, while the growth rate of Ethereum pledge revenue was slightly lower, about 2.9%, reaching $104.8 million. The Ethereum Shanghai-Capella mainnet upgrade is expected to take place in March, when pledged ETH will be allowed to be withdrawn.

12 charts interpret the encryption industry in February: NFT leads the encryption market to pick up in early spring

4. In February, the Ethereum network destroyed a total of 84,885 ETH, worth $138.1 million. The data shows that Ethereum was in a state of deflation throughout February. In addition, since the implementation of EIP-1559 in early August 2021, Ethereum has destroyed a total of about 2.95 million ETH, or about $9.02 billion.

12 charts interpret the encryption industry in February: NFT leads the encryption market to pick up in early spring

5. In February, the transaction volume of the NFT market on the Ethereum chain reached 1.86 billion U.S. dollars, an increase of 103.2%. This upward trend was mainly driven by the NFT market Blur. With the launch of its BLUR token, Blur has already surpassed in terms of transaction volume and other indicators. Beyond OpenSea.

12 charts interpret the encryption industry in February: NFT leads the encryption market to pick up in early spring

6. The spot volume of compliant centralized exchanges (CEX) increased by 11.4% in January to approximately $665.8 billion.

12 charts interpret the encryption industry in February: NFT leads the encryption market to pick up in early spring

7. Changes in the market share of cryptocurrency exchanges are worthy of attention: Binance’s market share in January has exceeded 80%, reaching 81.9%, Coinbase is 6%, BTSE is 3.1%, Kraken is 2.9%, and Binance US is 1.7%.

12 charts interpret the encryption industry in February: NFT leads the encryption market to pick up in early spring

8. The average daily transaction volume of Grayscale’s Bitcoin Trust near GBTC fell by 25.4% in January to $32.6 million.

12 charts interpret the encryption industry in February: NFT leads the encryption market to pick up in early spring

9. In terms of encrypted futures, the positions of Bitcoin and Ethereum futures have both increased, and the positions of Bitcoin and Ethereum futures have increased by 2%. In terms of futures trading volume, the trading volume of Bitcoin and Ethereum futures There were also gains, with bitcoin futures trading up about 16.8% in February to $766 billion.

12 charts interpret the encryption industry in February: NFT leads the encryption market to pick up in early spring

10. CME Group’s February Bitcoin futures positions fell by 15.3% to $1.88 billion, while the average daily turnover rose by 26% to $1.24 billion.

12 charts interpret the encryption industry in February: NFT leads the encryption market to pick up in early spring

11. In terms of CME’s Ethereum futures, the average monthly transaction volume reached $499 billion, an increase of 3.7%.

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ETH

NFT

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