New data reveals that total trading volume on centralized cryptocurrency exchanges (CEX) declined in April. After increasing it for more than 6 consecutive months
According to CCData, a blockchain-based data tracking platform, it was revealed that the total trading volume in the spot and derivatives markets on the CEX exchange fell by 43.8% to $6.58 trillion.
According to the company's chart, total trade volume was about $11 trillion in March, and in February it was about $8 trillion. However, the chart also reveals that total trading volume in April 2024 is still higher than it was in every month of 2023 except… December.
CCData reveals the cryptocurrency exchanges with the largest decline in trading volume, and according to company information, this has been found BybitOK XW Binance It is the largest cryptocurrency exchange in the world by volume, and was the most affected.
Additionally, the company said that the gaming, artificial intelligence (AI) and meme segments recorded returns of tens of percent on a monthly basis. While many layer 2 metering solutions have negative returns. The largest increase in revenues was in this sector. metaverse/game This represents a 32.4% increase in revenue over last month.
source: DailyHodl
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