Summary
- The Block reported that last month centralized exchanges (CEXs) and decentralized exchanges (DEXs) saw spot trading volumes reach a seven-month high.
- Binance and Uniswap (UNI) were reported to have ranked first in CEX and DEX spot trading volumes, respectively.
- The outlet analyzed that increased interest in Ethereum (ETH) led to a surge in exchange spot trading volumes.
Last month, spot trading volumes on centralized exchanges (CEXs) and decentralized exchanges (DEXs) for virtual assets (cryptocurrencies) recorded their highest levels in seven months.
On the 3rd (local time), The Block reported that last month's centralized exchange spot trading volume was 1.86 trillion dollars, the largest since January. During the same period, decentralized exchange trading volume also rose to 368.8 billion dollars, marking a seven-month high.
Binance ranked first in centralized exchange spot trading volume. Last month, Binance's spot trading volume was 737.1 billion dollars. Bybit and Bitget followed with 126.5 billion dollars and 126.1 billion dollars, respectively. On decentralized exchanges, Uniswap (UNI) ranked first, with trading volume of about 143 billion dollars. PancakeSwap (CAKE) came in second with 58.7 billion dollars.
The outlet analyzed, "Interest in Ethereum (ETH) has increased, causing a surge in exchange spot trading volumes," and added, "Last month, U.S. spot Ethereum exchange-traded funds (ETFs) saw inflows of 3.87 billion dollars."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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