New data reveals that the overall trading volume of centralized crypto exchanges (CEX) plummeted in April after six consecutive months of increases.
According to blockchain tracker CCData, the total volume of spot markets and derivatives is transaction The value of transactions on centralized exchange platforms decreased by 43.8% to a staggering $6.58 trillion.
According to the company's charts, trading volume totaled about $11 trillion in March, compared to about $8 trillion in February. However, this chart also shows that overall trading volume for April 2024 is still higher than any month in his 2023 except December.
CCData also focuses on the crypto exchanges that have seen the largest decline in trading volume. The company said Bybit, OKX and Binance, the world's largest cryptocurrency exchanges by trading volume, were hit the hardest.
“Considering individual exchanges, Binance (Grade A) is the largest top-tier spot exchange among AA-A rated exchanges based on April volume, with trading volume of $679 trillion (-39.2%). ) followed by Bybit (Grade AA) with $133 billion (down 26.9%) and OKX (Grade A) with $126 billion (down 34.8%).
Data aggregation companies To tell Metaverse games, artificial intelligence (AI), and meme tokens have posted double-digit returns month-to-date, while layer 2 scaling solutions have been negative. The biggest increase was in the Metaverse/Games sector, which saw a 32.4% increase in revenue compared to last month.
“Basketball performance since the beginning of the month is as follows:
Metaverse/Game: 32.4%
Meme: 16.2%
AI: 17.4%
Layer 1: 7.1%
DeFi: 6.7%
Staking: 4.0%
Exchange token: 3.5%
Infrastructure: 1.6%
Layer 2: -4.2%
As of May 10th. ”
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