September’s trading volumes saw the first notable increase since May of this year, The Block’s Data Dashboard shows.
September’s exchange trading volume jumped to $733 billion, or a 16% month-over-month increase.
The Block’s Legitimate Volume Index reported volumes of $629 billion for June, $633 billion for July and $630 billion for August.
Following the crypto market decline that started in May, 2022’s summer saw relatively stagnant monthly volumes for crypto exchanges.
Those volumes occurred during a tumultuous period for the crypto market.
May saw the collapse of the Terra ecosystem, during which the stablecoin TerraUSD (UST) de-pegged from the U.S. dollar and the price of governance token LUNA ຫຼຸດລົງ 97%. The collapse’s impact cascaded across the crypto industry, affecting NFTs and ນັກແຮ່ທາດ crypto, ໃນບັນດາຂົງເຂດອື່ນໆ.
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ກ່ຽວກັບຜູ້ຂຽນ
MK Manoylov ເປັນນັກຂ່າວສໍາລັບ The Block ກວມເອົາ NFTs, ເກມ blockchain ແລະອາຊະຍາກໍາທາງອິນເຕີເນັດ. MK ໄດ້ຮັບປະລິນຍາຈົບການສຶກສາຈາກໂຄງການລາຍງານວິທະຍາສາດ, ສຸຂະພາບ, ແລະສິ່ງແວດລ້ອມຂອງມະຫາວິທະຍາໄລນິວຢອກ (SHERP).
Source: https://www.theblock.co/post/174320/crypto-exchange-volumes-grew-16-in-september-after-a-3-month-lull?utm_source=rss&utm_medium=rss