trading volume

Data: The daily trading volume of cryptocurrencies dropped from a peak of $126 billion after the U.S. election to $35 billion, a decrease of 70%

ChainCatcher news, according to The Block, on November 5, after the U.S. elections, the daily trading volume of cryptocurrencies surged to $126 billion against a backdrop of heightened market enthusiasm and active speculation. It has now fallen to $35 billion, a decline of about 70% from its peak, returning to pre-election levels. Recent tariff announcements targeting major U.S. trading partners have introduced uncertainty, dampening trading enthusiasm in both traditional and cryptocurrency markets.Moreover, trading volume has maintained a historical correlation with total market capitalization, with both showing similar trends in recent months. The total market capitalization of cryptocurrencies peaked at around $3.9 trillion, then fell back to the current level of about $2.9 trillion, a decrease of 25%.The shrinking trading volume may signal various potential changes in the market over the coming months. Historically, a prolonged decline in trading volume often precedes significant market volatility, as the reduction in liquidity can amplify price impacts when large participants begin to reallocate.Market participants may be waiting for a clearer comprehensive policy on cryptocurrency regulation from the Trump administration before engaging more actively. The decrease in trading activity and relatively stable market capitalization suggests that an accumulation phase may be underway, with investors focusing more on positioning rather than active trading. Upcoming regulatory announcements, particularly those regarding cryptocurrency classification and regulatory structure, could serve as potential catalysts to reignite trading activity.

The BNB Chain liquidity competition is in full swing: the Meme sector is leading strongly, and the daily trading volume of BSC DEX has topped the entire network for two consecutive days

ChainCatcher news, according to GMGN data, the ongoing $4.4 million liquidity support program for BNB Chain's second round competition weekly ranking shows significant pattern differentiation. Currently, among the top 50 projects, the Meme sector occupies half of the seats with 22 entries, followed by AI (7), DeFi (6), and gaming (3).The trading volume dimension shows a two-tier differentiation trend, with Meme projects contributing 72.52% of the absolute share, among which 59% of Meme project tokens have increased by over 20%. The DeFi sector ranks second with a 14.61% share, with more than 60% of projects achieving over 20% growth. The AI sector contributes 1.75% of the trading volume, while the DeFi derivatives field accounts for 8.67%. Notably, among the top 50 participating projects, 24 have achieved over 20% growth during the competition period, with some assets experiencing nearly a hundredfold increase in a single day.Additionally, according to DeFilama's monitoring on March 18, the 24-hour trading volume of BSC ecosystem DEX reached $2.544 billion, surpassing Ethereum ($1.348 billion) to top the public chain DEX trading leaderboard.The second round of the liquidity incentive program is currently in full swing, and the latest developments of various early projects on BSC can be captured through official channels.
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