trading volume
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Bitcoin Options Trading Volume Surges in Q1 2021
According to reports, according to The Block data, the trading volume of Bitcoin options this week reached $7.94 billion, the highest level since October 2021. The weekly trading volume of Bitcoin options reached $7.94 billion, the highest level since October 2021 Analysis based on this information:Bitcoin options trading volume has surged in the first quarter of 2021, with reports indicating that trading volumes have reached the highest level in six months. According to data from The Block, the trading volume of Bitcoin options this week reached $7.94 billion, the highest level since October 2021. This increase in Bitcoin options trading volume is a positive sign for the cryptocurrency world, as it suggests that more investors are taking an interest in Bitcoin and are willing to trade options as a way of participating in price movements. Options trading is a popular strategy among experienced investors, as it allows them to speculate on the price movements of an asset without actually owning…
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The Impact of the Silicon Valley Bank Collapse on NFT Trading Volume
On March 17th, according to a report by DappRadar on March 16th, before the collapse of the Silicon Valley bank on March 10th, NFT trading volume hovered between $68 million and $74 million, and then fell to $36 million on March 12th. From March 9 to March 11, the daily sales volume of NFT decreased by 27.9%. DappRadar: The collapse of banks in Silicon Valley has led to a significant impact on NFT trading volume Analysis based on this information:The NFT market has been rapidly growing in recent months, attracting investors and art-lovers alike. However, a recent report by DappRadar suggests that the Silicon Valley bank collapse has had a significant impact on NFT trading volume. Before the collapse on March 10th, NFT trading volume was hovering between $68 million and $74 million. However, after the collapse, the volume fell to $36 million on March 12th. This indicates that the collapse had a sudden and dramatic effect on the market….
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Bitcoin Reaches New Highs with Stronger Daily Trading Volume
On March 15th, data showed that Bitcoin once exceeded 26000 US dollars yesterday, and the daily trading volume of Bitcoin on the centralized exchange exceeded 20 billion US dollars (USDT and USDC trading pairs), hitting a new 4-month high since the FTX crash. Data: CEX’s Bitcoin daily trading volume exceeded $20 billion, hitting a new high in nearly four months Analysis based on this information:The recent data on Bitcoin trading volume and its value on the centralized exchange were impressive. On March 15th, Bitcoin exceeded 26000 US dollars, which is a significant milestone given the current cryptocurrency market conditions. Moreover, the trading volume on the centralized exchange has surpassed 20 billion US dollars. This marks a new 4-month high, which is encouraging news for Bitcoin enthusiasts and investors. This incredible increase in trading volume is observed in both USDT and USDC trading pairs. Tether (USDT) is a stablecoin that is pegged to the US dollar, making it less volatile than…
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OpenSea and Blur: The Unstoppable Growth of NFT Marketplaces
According to reports, according to The Block Research data, OpenSea, the world’s largest NFT market, has had a trading volume of 12.8 million ETH since its launch in 2017, with a value of over $20 billion. Blur, another NFT market, has handled more than $3 billion in transactions since its launch last October. OpenSea’s trading volume has exceeded $20 billion since its launch, and Blur’s trading volume has exceeded $3 billion Analysis based on this information:Non-fungible tokens (NFTs) have taken the world by storm in recent years. NFTs are digital assets that exist on a blockchain and are unique, giving them intrinsic value. They have gained popularity not just in the art world, but also in music, sports, and various other industries. NFTs have given creators a new way to monetize their work and connect with fans, collectors, and investors. This has led to the rise of many NFT marketplaces, including OpenSea and Blur. According to The Block Research data,…
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MetaMask Swaps Hits Record High with Trading Volume Surging
According to Dune data, the trading volume of MetaMask Swaps on March 11 exceeded $170 million, a record high. With the surge in trading volume, Metamask earned about $1.5 million in transaction costs. In addition, the cumulative turnover of MetaMask Swaps has exceeded 25 billion US dollars, which was 25316298636 US dollars as of the time of issuance; The cumulative turnover exceeded 6.69 million, and the current volume is 6690666. On March 11, the trading volume of MetaMaskSwaps exceeded US $170 million, a record high Analysis based on this information:The latest data from Dune Analytics recorded that the trading volume of MetaMask Swaps on March 11 exceeded $170 million, a new record high. This trading volume surge was due to the increasing popularity of MetaMask, a virtual wallet system that allows users to trade cryptocurrencies on various decentralized platforms. Consequently, MetaMask earned approximately $1.5 million in transaction costs, showing how MetaMask has become an essential tool for cryptocurrency traders all…
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USDC-USD Trading Pair and Its Impact on Aave and Compound
It is reported that according to Kaiko’s research data, the trading volume of USDC-USD trading pair hit a record high of US $600 million on March 11, with Kraken as the main trading partner. In addition, Aave and Compound received more than US $2 billion in repayment on March 11, most of which were USDC. Kaiko: The market depth of Coinbase in March halved, and the currency security fell by 13% Analysis based on this information:The trading volume of USDC-USD trading pair had a significant increase on March 11, reaching a record high of US $600 million according to Kaiko’s research data. This increase in trading volume was primarily due to Kraken being the main trading partner. USDC is a stablecoin pegged to the US dollar, which means one USDC is equivalent to one USD, making it less volatile than other cryptocurrencies. Furthermore, Aave and Compound received more than US $2 billion in repayment on March 11, and most of…
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It is reported that according to statistics, the stable currency USDC recorded a global trading volume of US $26.73 billion within 24 hours. On Saturday, the USDC decoupled from the US dollar and fell to a low of US $0.877. Therefore, encryption companies such as Binance, Coinbase, Crypto.com and Bitpay suspended USDC payment and automatic conversion. The stable currency USDC recorded a global trading volume of US $26.73 billion within 24 hours Analysis based on this information:USDC Trading Volume Hits $26.73 Billion, But Cryptocurrency Companies Suspend Payments Keywords: USDC, Stable Currency, Trading Volume, Cryptocurrency Companies, Payment Suspension Interpretation: A stable currency, USDC has recorded a global trading volume of $26.73 billion within 24 hours, according to statistics. Despite this, on Saturday, the USDC decoupled from the US dollar and fell to $0.877, causing cryptocurrency companies such as Binance, Coinbase, Crypto.com, and Bitpay to suspend USDC payment and automatic conversion. This news raises several questions about the sustainability and trustworthiness of…
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Cryptocurrency Market Reaches $1 Trillion Again as BTC and ETH Soar
It is reported that according to CoinGecko data, with BTC approaching $21000 again and ETH breaking through the threshold of $1500, the current total market value of encryption is back above $1 trillion, about $1.004 trillion, up 4.6% in the past 24 hours. The 24-hour trading volume is about 61 billion US dollars. At present, BTC accounts for 40.2% and ETH accounts for 18.3%. The total market value of encryption is back above $1 trillion Analysis based on this information:The latest CoinGecko data indicates that the total market value of cryptocurrency has surged to over $1 trillion again, thanks to the rise of BTC towards $21000 and ETH surpassing $1500. The market value currently stands at $1.004 trillion, having grown by 4.6% over the past 24 hours, with a trading volume of about $61 billion USD. The soaring value of BTC and ETH has contributed significantly to the rally in the cryptocurrency market. BTC currently accounts for 40.2% of the…
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Binance Takes Over the Cryptocurrency Trading Market
It is reported that according to the monthly report of the trading platform released by Crypto Compare recently, Binance’s spot market share increased from 59.4% in January to 61.8% in February. Binance’s spot trading volume increased by 13.7% to US $540 billion, setting the highest market share in the trading platform’s history. Binance’s spot trading volume reached US $540 billion in February, setting the highest market share in the trading platform’s history Analysis based on this information:The cryptocurrency market has been growing at an unprecedented rate over the past few years, and trading platforms are playing a crucial role in this revolution. Among these platforms, Binance has emerged as the dominant force, as evidenced by the latest report from Crypto Compare. According to the report, Binance’s spot market share has reached a new high, as it increased from 59.4% in January to 61.8% in February. Moreover, Binance’s spot trading volume has surged by 13.7% to $540 billion, which is the…
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Djed Stablecoin on Cardano Chain Outperforms USDC Despite Market Fluctuations
It is reported that according to the data of coinmarketcap, the stable currency Djed on the Cardano chain has gained a premium higher than the market performance under the recent fluctuation of the US dollar stable currency USDC, even reaching US $1.08 at one time, and has now fallen slightly to US $1.02. In addition, the direct price difference between USDT and Djed has reached about 1%, while the trading volume has also continued to increase. The data also shows that Djed’s current reserve is about 33.28 million ADAs, the mortgage rate is 428%, and the fully diluted market value reaches 1018522837484 dollars. (u.today) The premium of the stable currency Djed on the Cardano chain once rose to $1.08 Analysis based on this information:The recent fluctuations of the US dollar stable currency (USDC) have highlighted the outstanding performance of the Djed stablecoin on the Cardano chain. According to data from coinmarketcap, Djed has gained a premium higher than the market…
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Moonbirds NFT Whale Address Experiences Major Losses
On March 12, according to Blur’s market data, the Moonbirds NFT whale address (0xb8… 551a) began clearing its Moonbirds NFT holdings at Blur at about 6 p.m. on March 11, with a total clearing of about 500 Moonbirds and a loss of about 719.49ETH. In the past 24 hours, the trading volume of Monnbirds exceeded 5500ETH, and the floor price fell 23.86% to 4.66ETH. A Moonbirds giant whale cleared 500 Moonbirds in nearly 24 hours, losing 719.49ETH Analysis based on this information:The world of Non-Fungible Tokens (NFTs) has seen an explosion in popularity in recent months. People have been buying, selling and trading these digital assets for millions of dollars. However, this market is extremely volatile, and investors need to be cautious before jumping in. A recent development in the NFT world is the downfall of the “Moonbirds NFT Whale Address.” According to Blur’s market data, the Moonbirds NFT whale address started clearing its holdings on Blur on March 11th….
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Coinbase’s Trading Volume Nosedives by 99.2%
On March 12, according to the data released by Crypto KOL and chain analyst Mr. Whale, the trading volume of Coinbase on the Cryptocurrency Exchange has plunged by 99.2% in the past 24 hours, which is the first time in history. The reason may be that the US dollar stable currency (USDC) (partially owned by Coinbase) triggered the anchoring in the bankruptcy of Silicon Valley banks. Coinbase’s trading volume fell 99.2% in the past 24 hours Analysis based on this information:The world of cryptocurrency is known for its unpredictability, and Coinbase, one of the world’s largest cryptocurrency exchanges, is no exception. On March 12, a piece of news from Crypto KOL and chain analyst Mr. Whale shook the cryptocurrency world. According to the data released by Mr. Whale, Coinbase’s trading volume on the cryptocurrency exchange had plummeted by a staggering 99.2% in the past 24 hours. This is the first time such a significant drop has been witnessed in Coinbase’s…
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Uniswap sets new trading volume record
On March 12, Dune data showed that the trading volume of Uniswap reached US $11.84 billion yesterday, nearly twice the trading volume of the second largest day, a record high. Uniswap trading volume reached US $11.84 billion yesterday, a record high Analysis based on this information:Uniswap, a decentralized exchange running on the Ethereum blockchain, has set a new record high for its trading volume. According to Dune data, the exchange’s trading volume reached US $11.84 billion on March 12, which is nearly twice the trading volume of the second largest day. This new milestone highlights the growing popularity of decentralized exchanges and the increasing use of decentralized finance (DeFi) protocols. Uniswap has gained popularity over the past year, fueled by the growing trend of DeFi protocols. The exchange allows users to swap ERC-20 tokens without the need for intermediaries or centralized exchanges. The platform has also gained popularity due to its simple user interface and low trading fees. Uniswap uses…
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Tensor Plans Airdrop for Solana NFT Traders Following Financing Round
It is reported that after the completion of a new round of financing of US $3 million, the Tensor of the Solana NFT market on the chain announced that it plans…
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Trading volumes in Bitcoin and Ethereum derivatives continue to rise despite regulatory scrutiny
According to reports, the data showed that the trading volume of derivatives of Bitcoin and Ethereum in US dollars continued to rise in February. The trading v…
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Blur emerges as a leader in the NFT market
It is reported that the data of the past seven days shows that the top three platforms of NFT market trading volume are Blur (280762.04ETH), OpenSea (68038.94E…
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Digital Asset Investment Products: Decreased Trading Volumes and Regulatory Worries
On March 6, Coinshares reported that there was a small outflow of digital asset investment products last week, with a total outflow of $17 million, which was t…
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Doodles NFT Trading Volume Soars by Almost 200% in 24 Hours
It is reported that according to the latest data of OpenSea, the trading volume of Doodles series NFT in the past 24 hours was 4831ETH, up 192%. The trading vo…
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Bitcoin Price Plummet Triggers Liquidation and Increased Trading Volume
According to the news on March 4, the price of Bitcoin fell to below the $23000 mark on March 2. This decline led to a long liquidation of various cryptocurren…
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Investors Turn to Stable Currencies After Cryptofriendly Bank Crisis
On March 3, it was reported that after the crisis of Silvergate Capital Corp, a cryptofriendly bank, investors were supporting the circulation of stable curren…