June Crypto Market Slumps: 11 Charts Reveal Continued Decline in Key Indicators

In June, most indicators of the crypto market continued to show a downward trend. This article provides an in-depth analysis of the overall situation of the crypto market over the past month through 11 charts.

1. In June, the adjusted on-chain total transaction volume of Bitcoin and Ethereum fell by 13.4%, dropping to $338 billion. Both leading encryption currencies experienced the same extent of decline in on-chain transaction volume.

2. The adjusted on-chain transaction volume of stablecoins 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 USDT increased to 79.1%, while USDC slightly decreased to 17%.

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

4. The Ethereum network destroyed a total of 26,338 ETH in June, worth approximately $95.1 million. Since the implementation of EIP-1559 in early August 2021, Ethereum has destroyed a total of about 4.33 million ETH, worth approximately $12.2 billion.

5. The trading volume of the NFT market on the Ethereum chain continues to decline significantly by 18.4%, dropping to approximately $280.5 million.

6. The spot trading volume of compliant centralized exchanges has fallen by 18.5%, dropping to $658.8 billion.

7. June's major cryptocurrency exchanges spot market shares: a large trading platform 64% (significantly down from May), another trading platform 17.8%, another trading platform 9%, and another trading platform 2.7%.

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

9. The open interest of Bitcoin futures on a certain exchange decreased by 9.6% to $9.3 billion, but 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. In terms of cryptocurrency options, Bitcoin options open interest fell by 39.45%, while Ethereum dropped by 55.6%. The monthly trading volume of Bitcoin options decreased to $43.1 billion, down 7.9%; Ethereum options trading volume fell by 46.2% to $16.9 billion.

Overall, most indicators in the crypto market continued to decline in June, reflecting a general state of stagnation in the market. Nevertheless, some areas such as Ethereum staking income are still showing growth, indicating that there are still some positive factors in the market.