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In the past 24 hours, XRP trading made up 37% of all volume on Bithumb, 18% of volume on UpBit, and a staggering 50% of all volume on Korbit, data from CoinGecko and CoinMarketCap shows. These volumes were against the U.S. dollar on UpBit, and against the Korean won on
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SVB collapse chilled NFT trading volumes: DappRadarThe recent collapse of the Silicon Valley Bank (SVB) resulted in dwindling numbers for NFT trading volumes, with traders holding on to their assets amid the banking crisis in the United States.Before the crisis, NFT trading volumes were around $68 million to $74 million.
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Nonfungible token (NFT) trading volumes took a massive beating following the collapse of Silicon Valley Bank (SVB) last week as traders fled the markets fearing the repercussions of a major United States bank going under.According to a March 16 report from data aggregation platform DappRadar, NFT trading volumes were hovering
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According to Dappradar, there were only 12,000 active NFT traders on Saturday, March 11 – the day after the bank was shut down – a number not seen since November 2021. Saturday also saw the lowest number of single NFT trades in 2023 thus far, totaling 33,112. Source
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Sara Gherghelas, blockchain research analyst at DappRadar, told CryptoX that while Blur is overtaking market share and challenging the historically leading NFT marketplace OpenSea, the marketplace isn’t bringing new traders into NFTs. While OpenSea is targeted towards retail traders, Blur’s focus on professional traders may be raising trading volumes, not
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Lvl is earned via participation on the platform or earned by supplying liquidity. On the other hand, lgo holders can vote on major decisions relating to the platform including fees, product offerings, engineering, and treasury are decided by the community via voting on the Level DAO. Original Source
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With $1.26 trillion in volume, Binance continued as the largest derivatives exchange in January, followed by Bybit which saw a 115% increase to $301 billion (the only integrated derivative exchange with triple digit month-on-month growth). Bybit recorded its highest-ever market share in derivative markets at 14.6% in January. Original Source
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Canto, which runs on the Ethereum Virtual Machine (EVM) - a term for virtual computers that power the Ethereum network, is a cheap and fast network that allows developers to build financial products, such as those for lending and borrowing, atop the blockchain. Source
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According to statistics, decentralized exchange (dex) monthly trading volumes have dropped significantly since Jan. 2022. After a brief spike in volume in Nov. 2022, dex trade volumes have been lackluster for the past 44 days. As of Jan. 14, 2023, Uniswap version three (V3) has the highest trade volume during
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Ethereum extended its increase above the $1,300 resistance zone against the US Dollar. ETH tested the $1,350 zone and is currently correcting lower. Ethereum remained in a positive zone and climbed above the $1,300 and $1,320 resistance levels. The price is now trading above $1,300 and the 100 hourly simple moving average. There
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