August by the numbers: A look at crypto exchange volumes, open interest, and miner revenue

Quick Take

  • August was a record-breaking month for metrics tracked by The Block
  • Total adjusted on-chain volume, which is a proxy for economic throughput, saw an increase of 38.3% in August to ~$125B, which is a 30-month high
  • Cryptocurrency traded volumes saw a nearly 75% increase in August; the largest month-over-month increase since February 2018, a 31-month high
  • Transaction fees on Ethereum increased significantly and reached an all-time high of over 40.5% of the total revenue, compared to 10% in May

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