Trading volume on the FTX exchange exceeded $ 52 billion and surpassed even the Binance crypto exchange in this matter.
FTX has become the leader in terms of trading volumes
In March 2021, FTX cryptocurrency exchange became the leader in terms of trading volume, which exceeded $ 52 billion.This data was provided by BDC Consulting.
Monthly trading volume data. Source: BDC Consulting
The second place in the ranking of cryptocurrency exchanges was taken by Binance with a trading volume of $ 49.2 billion. The top 5 trading platforms also included Huobi Global, OKEX, Bitmex and others.
The total daily trading volume of cryptocurrency exceeds $ 137.2 billion.
DEX trading volumes are constantly growing
The upward momentum in the DEX segment is still strong, according to analytics service and on-chain data aggregator Dune Analytics. The total volume of funds traded on these platforms soared from $ 39.5 million to $ 45.2 billion in less than two years.
During this time, DEX platforms have come a long way of development. In January 2019, there were five active exchanges. More than 70% of the market was controlled by IDEX. The monthly trading volume on this site reached $ 34 million, the rest was divided between Uniswap and Kyber.
In 2020, the first half of the year turned out to be relatively calm for the DEX-exchanges, however, the indicator still almost reached the $ 5 billion mark by July. Further, the growth went exponentially. In August, DEX trading volumes hit the $ 10 billion barrier, and in September they already exceeded $ 25 billion.
The situation changed dramatically in 2020, when the active development of the DeFi segment opened up new opportunities for investors to generate passive income. The topic of profitable farming has attracted a huge number of new players to this industry.
Since this liquidity mining occurs primarily through applications built on the Ethereum blockchain, it has become an important growth driver for the entire decentralized finance industry.
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