Original author: Lars, head of research at The Block

Original translation: Jordan, PANews

After a long downturn, most crypto industry indicators have improved in the past October. Overall, the market has shown signs of a strong rebound in the past month. This article will use 12 charts to interpret the crypto market situation in the past October.

1. In October, the adjusted total transaction volume of Bitcoin and Ethereum on-chain increased by 34.8% to US$196 billion, of which Bitcoin’s adjusted transaction volume increased by 45.7% and Ethereum’s transaction volume increased by 20.7%.

2. The adjusted on-chain transaction volume of stablecoins in October also increased to US$554.6 billion, an increase of about 19.2%; however, the supply of issued stablecoins decreased slightly by 0.2% to US$115.8 billion, of which the US dollar stablecoin USDT accounted for 73.2% of the market share (an increase from August and September), while USDC's market share fell slightly to 19.6%.

3. Bitcoin miners’ income also increased further in October, rising to US$885 million, an increase of 17.4%. At the same time, Ethereum staking income increased by 8.6% to the US$125 million range.

4. In October, the Ethereum network destroyed a total of 41,348 ETH, equivalent to $70.3 million. Data shows that since the implementation of EIP-1559 in early August 2021, Ethereum has destroyed a total of about 3.67 million ETH, worth about $10.31 billion.

5. In October, the transaction volume of the NFT market on the Ethereum chain increased slightly to approximately US$267 million, an increase of approximately 2%. However, the emerging NFT market Blur has surpassed OpenSea for the ninth consecutive month in terms of monthly transaction volume and other indicators.

6. The spot trading volume of compliant centralized exchanges (CEX) also increased dramatically in October, reaching 55.2% to approximately US$291.2 billion.

7. The spot market share rankings of major cryptocurrency exchanges in October are as follows: Binance 69.2%, Coinbase 10.7%, BTSE 5.8%, Kraken 5.6%, and LMAX Digital 2.9%.

8. The average daily trading volume of Grayscale’s Bitcoin Trust Fund GBTC rose sharply in October, rising to US$92 million, an increase of 157%.

9. In terms of crypto futures, the open interest of Bitcoin futures increased by 27.1% in October, and the open interest of Ethereum futures increased by 6.1%; in terms of futures trading volume, the trading volume of Bitcoin futures increased by 59.5% in October, rising to US$768 billion.

10. In October, the open interest of CME Bitcoin futures increased by 83.2% to US$3.56 billion, and the daily avg volume increased by 69% to approximately US$1.94 billion.

11. In October, the average monthly trading volume of Ethereum futures increased to 303 billion US dollars, an increase of 44.3%.

12. In terms of cryptocurrency options, the open interest of Bitcoin and Ethereum options rose in October, with Bitcoin options rising by 80% and Ethereum options rising by 17%. In terms of the trading volume of Bitcoin and Ethereum options, Bitcoin and Ethereum also saw a significant increase, with Bitcoin options trading volume increasing by 89.5% in October to $32.7 billion; Ethereum options trading volume increased by 38.4% to $14 billion.