It is reported that Global crypto exchanges saw a significant surge in web traffic in July as crypto prices gained momentum.
According to Data of the cryptanalysis startup ICO Analytics, Web traffic on global crypto exchanges rose an average of 13% in July 2020.
Illia Kmez, director of content at ICO Analytics, told Cointelegraph so Centralized crypto exchange has increased web traffic by 26% since December 2020. To provide calculations, The startup analyzed the web traffic of around 100 exchanges, including international trading platforms and those that only operate in one countrySaid Kmez.
While The average is 13%. Some crypto exchanges saw a more noticeable monthly increase, with traffic increasing by more than 60%. as was the case with YoBit.net and KuCoin.
Binance, the largest crypto exchange in the world, It reportedly had 24.9 million visits in July, with a traffic increase of nearly 10%. Coinbase, the largest crypto exchange and wallet service in the United States, There were 22.5 million visits that month, with traffic increasing by 18%.
Not everyone is a winner
Other popular exchanges like BitMEX and OKEx saw a drop in traffic in July. According to the data, BitMEX traffic was down 1.6% while OKEx saw a 6% decrease.
The dynamics of web traffic from crypto exchanges in July 2020. Source: Twitter de ICO Analytics
Uniswap is the largest DeFi protocol for web traffic
In other Tweet from August 9th ICO Analytics provided similar statistics on decentralized financing (DeFi). According to the data, is the decentralized exchange Uniswap is the biggest web traffic: in July more than 1.4 million visitors were registered. Uniswap is the ninth largest DeFi environment in terms of total value stored in the log, according to leading industry website DefiPulse.com.
According to ICO Analytics, DeF’s liquidity provideri Balancer Pool saw the largest increase in web traffic in July, up 193%.
ICO Analytics also found that Despite the significant increase in traffic related to the DeFi markets, none of the DeFi platforms has reached the level of the top 20 central exchanges.
beginning of July Crypto market analysis firm Messari said DeFi only accounts for 1.5% of the total crypto market. Until the moment of this issue, The total value stored on DeFi markets is $ 4.7 billion, according to DefiPulse.com.
Don’t stop reading: