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CryptoCompare analyzed the events of the second quarter and what they could mean for the crypto industry. Despite the internal tremors of the crypto industry, the macro landscape is labeled as “dire” in the report

Let’s take an example of calculating Bitcoin mining profitability with a brand new Bitmain ASIC Antminer S19 Pro using the BTC mining calculator by crypto market data provider CryptoCompare.

The AUM of crypto investment products dropped to record lows in the month of June 2022, the latest data from Crypto Compare has shown.

According to data from CryptoCompare. Bitcoin has fallen from $45,524 at the start of the quarter and was trading just below $19,000 on Thursday, the last day of the three-month period.

The exchange processed more than $2tn in spot and derivatives trades last month, according to CryptoCompare data, but is not regulated at the overall group level.

“Moreover, our data shows a growth in crypto activity this year, despite the downward trend in price action,” says Jacob Joseph, research and data analyst from CryptoCompare.

The amount of capital circulating in DeFi projects had soared to nearly $230bn by late 2021, according to CryptoCompare data.

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Bitcoin futures contracts volume at CME was 250,650 contracts, the highest since February 2021 according to CryptoCompare's  May 2022 Exchange Review.

Some are less sceptical, though. Even in May, as Terra’s collapse rocked the crypto world, investors put $66.5mn on average each week into virtual asset investment products, according to data from CryptoCompare.

“Psychologically for a lot of people this is galling,” said Charles Hayter, chief executive officer of CryptoCompare, a company that provides data and analytics about the crypto market.