๐ Q2 2023 sees a 36% drop in crypto spot trade volume, totaling $1.67 trillion, according to CoinMarketCap data. Binance still holds 59.99% of the market, despite ongoing legal issues. ๐ต๏ธโโ๏ธ
Key takeaways:
- Top 5 exchanges maintain 85% of spot market activity
- Binance, Coinbase, Kraken have liquidity scores above 700
- Uniswap holds 57.5% DEX market share, with its monthly volume rivaling Coinbase
- Centralized exchanges still preferred over decentralized ones, due to regulations & lower gas fees
๐ As the market slows down, major exchanges face legal battles, including Gemini's recent lawsuit against DCG. ๐ผ Weigh in: Are we witnessing the rise of DEXs or simply the quiet before another storm? โก Comment below!
Key takeaways:
- Top 5 exchanges maintain 85% of spot market activity
- Binance, Coinbase, Kraken have liquidity scores above 700
- Uniswap holds 57.5% DEX market share, with its monthly volume rivaling Coinbase
- Centralized exchanges still preferred over decentralized ones, due to regulations & lower gas fees
๐ As the market slows down, major exchanges face legal battles, including Gemini's recent lawsuit against DCG. ๐ผ Weigh in: Are we witnessing the rise of DEXs or simply the quiet before another storm? โก Comment below!