10x Research: Cryptocurrency market trading volume hits a new low since 2022

robot
Abstract generation in progress

ChainCatcher message: the research firm 10x Research posted on the X platform, stating that cryptocurrency market trading volume has hit its lowest level since 2022. Currently, the total crypto market cap is $2.3 trillion, down 1.7% from last week. The weekly average trading volume is $90 billion, down 7% from the average.

Among them, Bitcoin’s weekly trading volume is $38.2 billion, 5% below the average; Ethereum’s weekly trading volume is $18.3 billion, 18% below the average. Ethereum network fees (0.12 Gwei) are at 17% level, indicating that network utilization is low.

In addition, Bitcoin’s funding rate this week rose 4.1% to 1.5%, at a 13% level over the past 12 months. Open interest in futures increased by $100 million to $21.5 billion. Ethereum’s funding rate this week rose 3.7% to 2.8%, at a 12% level over the past 12 months. Open interest in futures increased by $100 million to $11.8 billion.

BTC2.58%
ETH3.29%
GWEI18.29%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin