Gate.io Blog Daily Flash | In April, the income of ETH miners continued to be higher than that of BTC_ Venture capital crypto investment exceeded $10 billion in Q1

Daily Flash | In April, the income of ETH miners continued to be higher than that of BTC_ Venture capital crypto investment exceeded $10 billion in Q1

04 May 12:28

Today's Topic - In April, the total on-chain trading volume increased by 40%, and the income of ETH miners continued to be higher than that of BTC miners

April crypto market analysis data released by The Block shows that generally speaking, April is a bittersweet month.

After adjustment, the total on-chain trading volume increased by 40% to $831 billion; BTC trading volume increased by 55.8% and ETH trading volume increased by 1.6%. The total trading volume of the adjusted on-chain stablecoins decreased by 6.8% to $477 billion (the first shrinking in the issued supply since January 2020 decreased by 1.9% to $154.4 billion; USDT's market share increased to 53.9% and USDC's market share decreased to 28.2%).

BTC miners' income fell 4.3% to $1.16 billion, while ETH miners' income increased 6.2% to $1.33 billion.

This is the 12th consecutive month that the income of ETH miners is higher than that of BTC miners: a total of 137088 ETH (worth $429 million) were burnt in April. Since the implementation of EIP-1559 in early August last year, 2.18 million ETH worth $7.72 billion have been destroyed. The monthly trading volume of the on-chain NFT market on Ethereum increased by 21.6% to $7.2 billion. Legal CEX spot trading volume fell 6.7% to $694.6 billion.

In addition, the average daily trading volume of GBTC further decreased by 14.7% to $106 million.

Today's Chart - The total crypto investment of the venture capital exceeded $10 billion in Q1

On May 4, according to Pitchbook's data, the total crypto projects investment done by the global venture capital institutions in Q1 2022 was $10 billion.Therefore reaching a new high in the 1st quarter, representing more than twice the level in the same period last year (2.63 times).

Today's Influencer - Vitalik Buterin: the cost of sending ETH and exchanging token needs to be less than $0.05 to be truly accepted

According to BlockBeats’ news, on May 4, Vitalik Buterin, founder of Ethereum, said on social media that the cost of sending ETH and exchanging tokens needs to be less than $0.05 to be truly accepted. However, Ethereum has also made great progress, and even the sharding technology EIP-4844 is enough for a transitional period of time.

Hot events yesterday - #Goldman Sachs #Bitcoin loan, #Russian #cryptocurrency transaction

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Goldman Sachs provides Bitcoin loan for the first time

Former Google CEO bet on Web3.0, and said that he has a small amount of cryptocurrency

Russia may allow stock exchanges to trade cryptocurrencies

Does the 30 day Bitcoin downward trend in the overall exchange balance implies an upcoming bull market?

Author: Gate.io Researcher: Byron B. Translator: Joy Z.
* This article represents only the views of the researcher and does not constitute any investment advice.
*Gate.io reserves all rights to this article. Reposting the article will be permitted provided Gate.io is referenced. In all other cases, legal action will be taken due to copyright infringement.

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Daily Flash | In April, the income of ETH miners continued to be higher than that of BTC_ Venture capital crypto investment exceeded $10 billion in Q1

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