The Spot Buying and selling Quantity of the Prime Ten DEXs Decreased by 30.8% Within the Second Quarter

CoinGecko tweeted that within the second quarter of this 12 months, the spot buying and selling quantity of the highest ten DEXs was US$155 billion, a lower of 30.8% in comparison with the primary quarter.

Amongst them, Uniswap maintained its place as the most important DEX, accounting for as a lot as 70% of the buying and selling quantity in Might.

In keeping with the earlier information, the CoinGecko report reveals that within the second quarter of 2023, the full spot transactions of the highest ten centralized cryptocurrency exchanges totaled 1.42 trillion US {dollars}, a lower of 43.2% from the primary quarter.

Binance was enormously affected by withdrawing from some markets, being sued by the SEC, and layoffs. Its dominance fell from 61% to 52% in simply three months.

The stablecoin market was additionally affected, with BUSD shedding 45.4% of its worth between April and June.

TUSD grew to become the stablecoin with the most important improve in market worth within the second quarter, and its market worth elevated by 50%.

The market worth of USDT has elevated by 4.4%, and it nonetheless ranks first, accounting for 66% of the stablecoin market share.