volume

OpenSea is first NFT marketplace to pass $1 billion in monthly trading volume 

OpenSea is first NFT marketplace to pass $1 billion in monthly trading volume 

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The non-fungible token (NFT) marketplace OpenSea has surpassed $1 billion in monthly trading volume, according to data compiled by The Block.  OpenSea’s trading volume increased 286% from July to August, and it has carried the majority of NFT monthly trading volume since May of this year. The firm has already seen $1.23 billion in volume …

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Uniswap’s monthly trade volume exceeded Coinbase’s in September

Search volume for ‘Uniswap’ reaches highest point since September 2020

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Google keyword search volume for the “Uniswap” — a useful indicator of interest in DeFi more broadly — has reached its highest point since September of 2020. Google doesn’t release raw numbers for search volume. Instead, it publishes scores between zero and 100, where zero is no interest in the term and 100 is maximum …

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Monthly crypto exchange volumes broke $1 trillion for the first time

Adjusted on-chain volume of stablecoins reaches all time high in February

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The adjusted, monthly on-chain stablecoin volume hit a new high in February, rising above $360 billion for the first time. As expected, the volume figures were dominated by Tether (USDT). USDT saw 63.5% of the volume, with 18.7% going to USD Coin (USDC) and 9.6% to DAI.  USDT also saw its most-ever volume of $232 …

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Weekly 'Bitcoin' tweet volume hit a new high this month

Weekly ‘Bitcoin’ tweet volume hit a new high this month

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The week-by-week number of tweets containing the word ‘bitcoin’ hit a new this month, according to data compiled by The Block Research. For the week ending February 14, there were roughly 675,000 tweets containing the term ‘Bitcoin.’ That figure represents a 17.13% increase from the previous volume peak, which occurred in mid-January with a weekly …

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December was a record volume month for Ethereum options

December was a record volume month for Ethereum options

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December of 2020 beat out the previous month’s all-time high for Ethereum options trading volume, according to data compiled by The Block. November generated $1.83 billion worth of options while December had $2.24 billion — a 22.4% increase.  Deribit had 83.4% of the Ethereum options trading volume. Next was OKEx with 13.9% of the volume, …

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Grayscale’s ETHE hit an all-time high average daily volume in November

Grayscale’s ETHE hit an all-time high average daily volume in November

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The average daily trading volume of Grayscale’s Ethereum Investment Trust (ETHE) product grew 220% in November compared to the previous month, according to data compiled by The Block. The ETHE average daily volume came in at $24.63 million — the highest month on record. November saw $9.43 million more daily volume than the last peak, …

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Legitimate volume on spot crypto exchanges fell to $125.8 billion in October

Legitimate volume on spot crypto exchanges fell to $125.8 billion in October

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Cryptocurrency trading volumes decreased by 25.8% in October, according to The Block’s volume index for spot exchanges. October’s legitimate volume figure came in at $125.8 billion compared to $169.5 billion for the month of September. As previously reported, volume on decentralized exchanges fell during October as well. Those volumes declined to $18.46 billion from September’s $24 …

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Silvergate’s payments platform crosses $100B in transfer volume

Silvergate’s payments platform crosses $100B in transfer volume

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Crypto-friendly bank Silvergate said it was particularly “bullish” on its payments platform during its Q2 earnings call. Now it’s announced the Silvergate Exchange Network (SEN) has exceeded $100 billion in transfer volumes. The bank announced the milestone in a release today, addressing the rapid growth of the platform. The bank developed it in 2017 as …

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Uniswap’s monthly trade volume exceeded Coinbase’s in September

Uniswap’s monthly trade volume exceeded Coinbase’s in September

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Market data collected by The Block Research shows that, for the first time, Uniswap’s monthly trade volume exceeded that of crypto exchange Coinbase.  During September, Uniswap saw approximately $15.4 billion in volume — making up 65% of the total reported by DEXs for that month, which was $23.5 billion. By comparison, Coinbase reported $13.6 billion …

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