Close Menu
  • Home
  • Articles
  • Cryptocurrency
    • Market Analysis
    • Exchanges
    • Investment
  • Blockchain
    • Financial Market
    • Bank
    • Wallet
    • Payment
    • DeFi
    • Blockchain Platform
    • Supply Chain
    • DApps
  • Technology
    • Bitcoin
    • Ethereum
    • Other Currencies
  • Reports
    • Private Sector Report
    • Rating Report
    • Novice Tutorial
    • Interviews
    • Exclusive View
  • All Posts
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
BlockMediaBlockMedia
Subscribe
  • Home
  • Articles
  • Cryptocurrency
    • Market Analysis
    • Exchanges
    • Investment
  • Blockchain
    • Financial Market
    • Bank
    • Wallet
    • Payment
    • DeFi
    • Blockchain Platform
    • Supply Chain
    • DApps
  • Technology
    • Bitcoin
    • Ethereum
    • Other Currencies
  • Reports
    • Private Sector Report
    • Rating Report
    • Novice Tutorial
    • Interviews
    • Exclusive View
  • All Posts
BlockMediaBlockMedia
Home » Decoding March Market: Bitcoin Miners’ Earnings and Multiple On-Chain Indicators Reach Unprecedented Heights in 11 Graphs
Cryptocurrency

Decoding March Market: Bitcoin Miners’ Earnings and Multiple On-Chain Indicators Reach Unprecedented Heights in 11 Graphs

By adminApr. 3, 2024No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Decoding March Market: Bitcoin Miners' Earnings and Multiple On-Chain Indicators Reach Unprecedented Heights in 11 Graphs
Decoding March Market: Bitcoin Miners' Earnings and Multiple On-Chain Indicators Reach Unprecedented Heights in 11 Graphs
Share
Facebook Twitter LinkedIn Pinterest WhatsApp Email

The cryptocurrency market continued to grow in March, with the majority of industry indicators reaching historical highs. This article will analyze the cryptocurrency market over the past month using 12 charts. The original article is sourced from The Block’s research director Lars’ X platform, and it has been compiled, organized, and written by PANews.

Summary:
Bitcoin first falls, then rebounds? “Smart Money” may be waiting for a bottom of $62,000 BTC.

Background:
Countdown to Bitcoin Halving: 6 Key Observations You Need to Know.

In March, the total on-chain transaction volume of Bitcoin and Ethereum increased by 59.3%, reaching $587 billion. The on-chain transaction volume of Bitcoin increased by 59.5%, while Ethereum’s on-chain transaction volume increased by 59.1%.

In March, the adjusted on-chain transaction volume of stablecoins saw a significant increase, reaching $893.8 billion, with a growth rate of 41.3%. The total supply of issued stablecoins increased by 6.2% to reach $137.4 billion. Among them, USDT accounted for 76.3% of the market share, while USDC’s market share slightly increased to 19.7%.

Bitcoin miner revenue reached a historical high of $2.01 billion in March, with a growth rate of 44.9%. Ethereum staking income also experienced significant growth, reaching approximately $3.093 billion, an increase of about 44.5%.

In March, the Ethereum network burned 147,620 ETH, equivalent to $543 million. Data shows that since the implementation of EIP-1559 in early August 2021, Ethereum has burned approximately 4.23 million ETH, worth about $11.84 billion.

The trading volume of NFTs on the Ethereum network decreased by 3.6% in March, reaching approximately $726 million.

The spot trading volume of compliant centralized exchanges (CEX) continued to rise in March, with an astonishing growth rate of 115.8%, reaching $1.44 trillion.

The market share rankings of major cryptocurrency exchanges in terms of spot trading volume in March are as follows: Binance at 78.5% (an increase compared to January and February), Coinbase at 10.9%, Kraken at 3.4%, and LMAX Digital at 1.3%.

In terms of futures, the open interest of Bitcoin futures increased by 33.2% in March, while Ethereum futures open interest increased by 18.6%. In terms of trading volume, Bitcoin futures trading volume grew by 80.8% in March, reaching $2.02 trillion.

The CME Bitcoin futures open interest increased by 49.5% in March, reaching $11.7 billion, a historical high. The daily average volume also increased by 114.8%, reaching approximately $6.8 billion, also a historical high.

In March, the monthly trading volume of Ethereum futures increased to $893.8 billion, with a growth rate of 60.9%.

In terms of options, the open interest of Bitcoin options decreased by 1.9% in March, while the open interest of Ethereum options decreased by 6.6%. Additionally, both Bitcoin and Ethereum options trading volumes reached historical highs on March 29. Bitcoin options trading volume reached a new high of $46.75 billion, with an increase of 18.5%. Ethereum options trading volume reached a new high of $20.99 billion, with an increase of 23.6%.

Related Reports:
Bitcoin Plunges! Drops to $66,000, Liquidating $470 Million in Margin Calls for 150,000 People.
00940 Debuts on the Stock Market and Plunges, “700,000 Investors Mourn,” Internet Users Laugh: Why Not Buy Bitcoin Instead!
Bitcoin Miners Make Huge Profits! Block Rewards Surpass “8.5 BTC,” On-Chain NFT Sales Break $500 Million, Assisting

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleFed’s “No Rate Cut in May” Call Triggers Stock Market Crash, Bitcoin Plunges Below $65,000
Next Article “Silk Road Unloads 30,000 BTC, America Dumps a Staggering $1.96 Billion Worth of Bitcoin! Some Already Sold on Coinbase”

Related Posts

Earning $4 Million in Two Months: Unveiling James Wynn’s “Hedge Fund for Small Accounts” Without Any Liquidations

Jun. 16, 2025

Coinbase Launches Bitcoin Cashback Credit Card Offering Up to 4% and Perpetual Contracts Available for U.S. Retail Investors

Jun. 13, 2025

Escalation of the Middle East Crisis: U.S. Urgently Withdraws Diplomats and Military Families, Crude Oil Surges Over 4% Overnight, U.S. Stock Market Declines Across the Board

Jun. 12, 2025
Don't Miss

Federal Bank Explains the Ban on Scheduled Transfers: High Proportion of Alert Accounts in Cryptocurrency Accounts Makes Fraudulent Money Flows Difficult to Track.

By adminJun. 18, 2025

Taiwan’s Two Major Financial Institutions Suspend Virtual Currency Platform Account TransfersRecentl…

Understanding Ethereum ERC-7786: A Unified Multichain Collaboration Standard, Heralding the Era of “Unity” in the ETH Ecosystem?

Jun. 18, 2025

ARK Invest Sells Approximately $51.7 Million of Circle Stock, Representing Only 10% of Cost Basis

Jun. 17, 2025

What Could Be the Potential Peak of Bitcoin This Cycle? An Analysis Using Multiple Valuation Models

Jun. 17, 2025
Our Picks

Federal Bank Explains the Ban on Scheduled Transfers: High Proportion of Alert Accounts in Cryptocurrency Accounts Makes Fraudulent Money Flows Difficult to Track.

Jun. 18, 2025

Understanding Ethereum ERC-7786: A Unified Multichain Collaboration Standard, Heralding the Era of “Unity” in the ETH Ecosystem?

Jun. 18, 2025

ARK Invest Sells Approximately $51.7 Million of Circle Stock, Representing Only 10% of Cost Basis

Jun. 17, 2025

What Could Be the Potential Peak of Bitcoin This Cycle? An Analysis Using Multiple Valuation Models

Jun. 17, 2025
Latest Posts

Federal Bank Explains the Ban on Scheduled Transfers: High Proportion of Alert Accounts in Cryptocurrency Accounts Makes Fraudulent Money Flows Difficult to Track.

Jun. 18, 2025

Understanding Ethereum ERC-7786: A Unified Multichain Collaboration Standard, Heralding the Era of “Unity” in the ETH Ecosystem?

Jun. 18, 2025

ARK Invest Sells Approximately $51.7 Million of Circle Stock, Representing Only 10% of Cost Basis

Jun. 17, 2025

What Could Be the Potential Peak of Bitcoin This Cycle? An Analysis Using Multiple Valuation Models

Jun. 17, 2025
About Us
About Us

BlockMedia, your comprehensive source for breaking blockchain news, in-depth analysis, and valuable resources. Unravel the blockchain revolution as it happens, with us.

Categories
© 2025 blockogmedia .

Type above and press Enter to search. Press Esc to cancel.