According to the data cryptocurrency Volumes on both centralized exchanges and decentralized exchanges (DEX) of the world decreased in August compared to the previous month.
Analysts stated in the monthly summary that the volume for August was $630.3 billion. This figure reflects a slight decrease compared to $632.7 billion in July.
Binance Continues To Be The Volume Leader Of The Cryptocurrency Industry
Binance remains the most dominant centralized exchange in terms of market share (69.5%), followed by Coinbase (9.3%) and FTX (7.8%).
Decentralized exchanges achieved $53.9 billion in volume in August, while Uniswap maintained its dominant position in this market.
The $53.9 billion figure represents a 3.6% decrease from the previous month.
According to the analysis, the ratio between the volumes of decentralized exchanges and centralized exchanges decreased slightly to 8.6% in August.
However, due to the volatility in the market, large amounts of liquidations occurred in the stock markets. When the last 24-hour data is analyzed, we see that investors in long positions are generally more affected by liquidations.
The highest liquidation was $76.10 million. on Ethereum took place. ETH with $26.26 million bitcoin followed.
In addition, the majority of liquidations with a rate of 36% took place on the Okex cryptocurrency exchange. Binance followed with 26%.
*Not investment advice.
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