Auto Added by WPeMatico

USDC Dominated Trading Volume on Decentralized Exchanges Amidst Depegging Incident

On Saturday, several centralized crypto trading platforms and payment processors stopped USDC auto conversions. However, USDC experienced a significant trading volume on decentralized exchange (dex) platforms such as Uniswap, Curve,…

Continue ReadingUSDC Dominated Trading Volume on Decentralized Exchanges Amidst Depegging Incident

Global Cryptocurrency Trade Volumes Saw a Significant Decline in December 2022

According to statistics, daily cryptocurrency trade volumes have dropped significantly during Dec. 2022. On Jan. 1, data shows that $22.95 billion was traded in the last 24 hours, compared to…

Continue ReadingGlobal Cryptocurrency Trade Volumes Saw a Significant Decline in December 2022

Despite 2 Entities Holding 73% of the FTX Token Supply, FTT Price Still Holds Above $1 per Unit

While a large fraction of crypto assets dropped a great deal in value during the past few weeks and bitcoin is down 18.2% in 30 days, the exchange coin ftx…

Continue ReadingDespite 2 Entities Holding 73% of the FTX Token Supply, FTT Price Still Holds Above $1 per Unit

People Are Still ‘Bullish’ About FTT and CEL, 2 Tokens Backed by Bankrupt Crypto Businesses

Despite the recent collapse and the exchange filing for bankruptcy protection, crypto traders are still paying more than a U.S. dollar for FTX’s FTT token on Friday, Nov. 18, 2022.…

Continue ReadingPeople Are Still ‘Bullish’ About FTT and CEL, 2 Tokens Backed by Bankrupt Crypto Businesses

New Study Says Number of Cryptocurrencies Now at 10,000 — Five Coins Account for 75% of Total Market Cap

The number of known cryptocurrencies surged from 6,000 in July 2021 to 10,400 in February 2022 before dropping to around 10,000 by August. Only five cryptocurrencies currently account for over…

Continue ReadingNew Study Says Number of Cryptocurrencies Now at 10,000 — Five Coins Account for 75% of Total Market Cap

Despite the Price Drop, Number of Bitcoin Held on Exchanges Continues to Slide

Roughly 49 days ago, the number of bitcoin held on exchange was around 2.503 million, according to statistics recorded by cryptoquant.com. Since then, $4.76 billion worth of bitcoin has been…

Continue ReadingDespite the Price Drop, Number of Bitcoin Held on Exchanges Continues to Slide

2 Tokenized Gold Crypto Projects Saw Massive Growth Over the Last 15 Months

15 months ago the price of one ounce of fine gold was $1,790 per ounce and since then, it has increased in value 3.51% to today’s $1,853 per ounce exchange…

Continue Reading2 Tokenized Gold Crypto Projects Saw Massive Growth Over the Last 15 Months

Derivatives Exchange Injective Pro Launches Bored Ape NFT Floor Price Perpetuals

During the last year, the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection has become one of the most popular NFT projects. After weeks of a continuous rise in…

Continue ReadingDerivatives Exchange Injective Pro Launches Bored Ape NFT Floor Price Perpetuals

Metrics Show Decentralized Exchange Volumes Continue to Slide This Year

Decentralized exchange (dex) volumes have been dropping since December 2021 according to current statistics. However, last month dex trade volumes spiked 2.37% higher than the volumes recorded in February. Despite…

Continue ReadingMetrics Show Decentralized Exchange Volumes Continue to Slide This Year

Tokenized Gold Market Caps Grew Significantly Last Month as Fresh Demand Drives Premiums

While gold tapped an all-time high (ATH) this year surpassing $2K per ounce, the top tokenized gold crypto assets by market valuation continue to see significant demand, premiums, and market…

Continue ReadingTokenized Gold Market Caps Grew Significantly Last Month as Fresh Demand Drives Premiums