Crypto Trading Volume Plummets 43% in Q2 2023, Report Reveals
07/18 16:01
According to a new report, crypto trading decreased by 43% in Q2 2023, with April and May being particularly quiet months due to a lack of a clear narrative. NFT trading volume also declined by 35%, reflecting a growing problem of low liquidity in the market. However, BTC and ETH saw modest gains of 6.9% and 6.0% respectively. The stablecoin market was led by Tether's USDT, which captured a 66% share of the market, while other stablecoins experienced a decline in market cap.
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