June Crypto Market Overview: Most Indicators Show a Downward Trend

In June, most indicators of the crypto market continued to show a downward trend. This article will analyze the condition of the crypto market over the past month through 11 key data points.

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

2. In terms of stablecoins, the on-chain transaction volume decreased by 4.5% to $839.6 billion. The supply of issued stablecoins saw a slight increase of 0.4%, reaching $142.6 billion. The market share of a certain US dollar stablecoin rose to 79.1%, while the share of another major stablecoin slightly fell to 17%.

3. Bitcoin miners' income slightly decreased by 0.1%, falling to $961.9 million. In contrast, Ethereum staking income rose by 8.1%, reaching $289.2 million.

4. The Ethereum network has burned 26,338 ETH this month, worth approximately $95.1 million. Since the implementation of an upgrade in early August 2021, Ethereum has cumulatively burned about 4.33 million ETH, worth approximately $1.22 billion.

5. The trading volume of the NFT market on the Ethereum chain continues to decline sharply, with a decrease of 18.4%, dropping to approximately $280.5 million.

6. The spot trading volume of compliant centralized exchanges dropped by 18.5%, falling to $658.8 billion.

7. Major cryptocurrency exchanges' spot market share rankings for June: a leading exchange 64% (significantly down from May), an emerging exchange 17.8%, a US exchange 9%, a European exchange 2.7%.

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

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

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

11. The options market performed poorly, with Bitcoin options open interest dropping by 39.45%, and Ethereum plummeting by 55.6%. In terms of trading volume, the monthly trading volume of Bitcoin options fell to $43.1 billion, a decrease of 7.9%; Ethereum options trading volume experienced a significant drop of 46.2%, down to $16.9 billion.

Overall, the crypto market showed a comprehensive decline in June, with various indicators generally falling, reflecting a lack of overall market confidence. However, in specific areas such as Ethereum staking income, there was still a slight increase, indicating that there are still some positive factors in the market.