Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
NFT market volume on ethereum fell 48.7% to $652 million in May

NFT market volume on ethereum fell 48.7% to $652 million in May

2023/06/05 02:27

According to a tweet from Lars, director of research at The Block, total on- chain trading volume fell 5.3% to $196 billion in May. Stablecoin on-chain trading volume fell 4.2% to $464.6 billion; issued supply contracted 1.4% to $122.4 billion, with USDT up 68.2%, new ATH supply at $83.5 billion and USDC down 22.2%. Bitcoin miner revenue rose 13.7% to $916.6 million, while ETH pledger revenue fell 34.5% to $157.2 million. In addition, the Ether network destroyed 204,576 ETH (approximately $380.1 million) in May. Ether began deflation in January of this year, and since the implementation of EIP-1559 in early August 2021, Ether has destroyed a total of approximately 3.36 million ETH (approximately $9.76 billion).

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!