Ethereum News by Thebittimes.Com

Data compiled by the Wublockchain team shows: In April, the spot trading volume of major exchanges decreased by 37.9% month-on-month. The top three changes were Gate +13.7%, Bitget -11.1%, and HTX-14.5%. The bottom three were Kucoin-70.8%, Upbit-57.5%, and Bitfinex-47.7%. In April, the derivatives trading volume of major exchanges decreased by 1.4% month-on-month. Binance introduced a limited-time fee discount for USDC perpetual contracts (April 3 — July 3), leading to a surge of 72.2% in perpetual contract trading volume. Excluding this, the total trading volume decreased by 26.6% month-on-month. The top three changes were HTX-13.4%, Crypto.com-15.6%, and Bitget-16.1%. The bottom three were Mexc-50.7%, Kucoin-50.5%, and Deribit-38.1%. In April, website traffic of major exchanges decreased by 22% month-on-month. The top three changes were Bitget +11%, Gate+9%, and Bitmart-3%. The bottom three were Kucoin-39%, Coinbase-31%, and Upbit-31%. Note: The following data may be suspected of ...

Decentralized finance (DeFi) is a lively and competitive ecosystem moving billions of dollars daily in decentralized exchanges (DEX). Notably, Solana (SOL) recently dethroned Ethereum (ETH) in the 24-hour DEX volume, according to data from DefiLlama on February 1. The two competitors have been fighting a long battle to attract traders and investors in the past years. In particular, Solana shined with a weekly volume increase of 15.34%, while Ethereum lost 12.44% of its own. Nevertheless, SOL’s ecosystem is still behind the second-largest cryptocurrency in the 7-day DEX volume despite the recent surge. Solana has registered $5.518 billion DEX volume in the last seven days, while Ethereum leads with $7.971 billion . However, SOL surpassed ETH in the daily volume with $1.461 billion against $1.443 billion of the latter. DEX volume by chain. Source: DefiLlama Orca leads Solana’s DEX volume Cryptocurrency 3 cryptocurrencies to turn $1k into $10k in 2024 ...

Investment firm Robinhood has released a report on some of its operating activity for Nov. 2023.  According to the document, the volume of cryptocurrency trading on the platform increased by 75% compared to October. Financial turnover from transactions with shares and option contracts remained at the same level as in Oct. 2023. Robinhood representatives also noted that over the past month customers made deposits amounting to $1.4 billion into the company’s accounts. “In November 2023, customers contributed roughly $1.4 billion of net deposits to Robinhood. Additionally, November equity notional trading volume s and options contracts traded were roughly in line with October 2023 levels, and November crypto notional trading volume s were roughly 75% above October 2023 levels.  Robinhood report The firm plans to release a detailed operating report for the fourth quarter of 2023 in the coming weeks. You might also like: Robinhood carries out third round of...