Report: Trading Volumes Flow from Centralised Exchanges to DEX
Trading volumes on decentralized exchanges (DEX) are showing explosive growth, while volumes on centralized exchanges (CEX) are shrinking, according to CoinGecko in the Q3 report.News, articles, and analysis on key events, indicators, and signals in the cryptocurrency market.
Report: Trading Volumes Flow from Centralised Exchanges to DEX
Trading volumes on decentralized exchanges (DEX) are showing explosive growth, while volumes on centralized exchanges (CEX) are shrinking, according to CoinGecko in the Q3 report.
Opinion: Tether dominates cryptocurrency trading
In the first quarter of 2017, only 5% of trading volume was denominated in Tether, while BTC pairs accounted for half. Now USDT pairs form 70% of trading volume, another 4% — other stablecoins, and BTC’s share has fallen to 15%.
Ethereum futures trading volume hits a record $172.2 billion
The monthly trading volume of Ethereum futures in September hit a new record of $172.2 billion, according to The Block.
ForkLog Report: September DEX trading volume reaches $23.5 billion
Trading volume of decentralized exchanges (DEX) last month reached $23.5 billion. This is twice as high as in August. This is stated in ForkLog's September analytical report.
Report: Bitcoin transaction volume rose 25% in Q3
In the third quarter, Bitcoin transaction volume rose 25% from the previous period. The value transferred on the blockchain rose from $180 billion to $225 billion, according to The Block.
DeFi sector loses a quarter of its market capitalisation in a day
On October 7, the market capitalization of DeFi protocol tokens fell by 25.1%. Trading volumes for them collapsed by 30.2%, according to Santiment analysts.
Opinion: DEX trading volumes are a total sham
Record trading volumes on decentralized exchanges (DEXs) are a temporary phenomenon. Their creators should focus not only on incentives in the form of governance tokens but also on improving user interaction. This is the view of Sam Bankman-Fried, head of the FTX exchange and Alameda Research, according to DeCrypt.
Researcher: Bitcoin–S&P 500 correlation strengthens in falling markets
Bitcoin is fairly closely correlated with American stocks. The statistical relationship is strongest during periods of turbulence in global financial markets and is almost absent during periods of price stability. This observation was shared by The Block researcher Larry Chermak.
Bitcoin-exchange trading volumes in September exceeded $169 billion
The Block's Real Volume index recorded a total trading turnover of more than $169 billion in September, the edition reported.
DEX trading volumes in September topped $23 billion
DEX trading volumes for September totaled about $23.5 billion, according to The Block.
Analyst suspects Ethereum miners of manipulating block contents
Development of decentralised finance could push Ethereum miners toward dishonest play. An analyst and cryptocurrency researcher using the pseudonym Frank Topbottom noticed suspicious arrangement of transactions in blocks.
Coin Metrics: 93% of the top 250 cryptocurrencies have fallen since the start of September
September proved not to be a particularly good month for cryptocurrencies — many popular coins fell in value. The correction also touched DeFi tokens, despite their robust growth over the past months.We use cookies to improve the quality of our service.
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