According to The Block, the volume of trading on cryptocurrency exchanges decreased slightly in August. At the same time, the indicator fell both on centralized and decentralized sites.
The drop in trading volume was insignificant – if in August transactions worth $630.3 billion were made on centralized exchanges (CEX), then in July the figure was $632.7 billion. 3.6% less than in July. The ratio of the volume of transactions on CEX and DEX has slightly decreased and now transactions are made on decentralized exchanges by 8.6% of the trading volume on centralized platforms.
Binance remains the leader among centralized exchanges – 69.5% of the total trading volume takes place on this platform. In second place is the Coinbase exchange with a score of 9.3%, and FTX closes the top three (7.8%). Decentralized exchanges also have a clear leader with over $40 billion worth of trades on the Uniswap platform. Trading through the Curve and 0x protocols is also popular.
A recent study by Forbes found that the total trading volume on cryptocurrency exchanges is 51% fake.
Source: Bits
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