jakiro
Author: TI Research Source: Tokeninsight
2024 Q2 Crypto’s monthly trading volume continued to decline, and the price of Bitcoin also fell at $ 55,000 in June.In mid -May, ETH spot ETF passed the price of ETH more than 20%within a single day.At the same time, Bitcoin prices increased by 6%, and the overall market transaction volume rose sharply, exceeding $ 300B.However, this growth does not bring sustainable advantages like Q1 Bitcoin spot ETF. In just a few days, Bitcoin prices and market emotions have fallen, and the transaction volume has dropped to $ 200B.
What is the situation in the exchange under such a shocking market?We brought you the 2024 Q2 exchange season on time.In the report, we summarized the data performance of the exchange industry and selected the TOP10 of the Central Exchange. We hope to help you understand the changes in the exchange market through changes in data.
2024 Q2,,TOP 10The total transaction volume of the exchange is about$ 16.3T, Decreased compared to the previous quarter9.2%
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The total transaction volume of 2024 TOP 10 exchanges was $ 16.3T, which was reduced by 9.2%in the previous quarter.The price of 7 T-$ 6-70,000 fluctuates repeatedly.
According to the Fed’s expected interest rate cut and current market emotions, the total transaction volume of the 2024 Q3 exchange will be in the range of $ 15-20T, and will not significantly increase significantly.With the changes in the net inflow/outflow of Bitcoin spot ETF, the price of Bitcoin will continue to float between $ 6-70,000.
Q2 binanceThe market share has declined, but still leads the market;BitgetThe largest increase in share, reached1.91%
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The total transaction volume of Binance in Q2 was about $ 6.8T, and the market share fell 2.33% over the previous quarter, but still led the entire market with an share of over 40%.Bingx’s market share has also fallen significantly, a decrease of 2.2%from Q1.
In the remaining exchanges, the market share of OKX, Bybit, Bitget, Bitmart, Gate, and HTX has been increased.Among them, the share of Bitget is the largest, close to 2%.
The spot trading volume of most exchanges has declined; butGateThe proportion of the spot rose sharply, the increase11%
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In the Crypto exchanges that provide spot and derivatives at the same time, most of the exchanges’ spot trading volume accounted for the decline in Q2.Among them, Kucoin fell the most to 7.5%.On the contrary, the largest exchanges with the increase in the proportion of spot transactions rose increased by 11%.At present, there are two transactions with more than 50% of the stock transaction volume, namely HTX and Gate.Conversely, Bingx’s spot proportion is the least, only about 7%.
Q2, affected by frequent fluctuations in the Crypto market, the overall price fluctuation of cryptocurrencies is at a high level.Affected by the price of Toncoin and ETH, although the popular ecological development trends such as TON and Solana are positive, most Altcoin’s prices fluctuate sharply. After the sharp rise at the end of the previous quarter, it has experienced many declines and rebounds.This has led to a decline in the proportion of spot trading volume on exchanges.Traders are more inclined to conduct high -frequency contract transactions, rather than spot transactions.
2024 Q2 TOP 10The total trading volume of the exchanges is$ 3.4T, Decline than last quarter16%
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The 2024 Q2 spot market has entered a smooth period, and the transaction popularity gradually declined, from $ 80B at the end of the last quarter to $ 40B at the beginning of the year.Q2, the total trading volume of the exchanges was about $ 3.4T, and the $ 4.1T of the last quarter decreased by about 16%.
According to the current market fluctuations and the overall transaction popularity, the probability of the spot transaction volume of Q3 continues to decline slightly, maintaining between $ 2-3T.
Q2The total transaction volume of derivatives declines slightly compared with the previous quarter;BTCPrice trend floating
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The total transaction volume of the 2024 Q2 derivatives was $ 12.9T, a decrease of about 7.4%from the previous quarter of $ 13.9T, but the same ⽐ 2023 Q2 increased by more than 92%.
After the peak of the daily transaction volume of derivatives in mid -Q1, as the price of Bitcoin dropped by $ 70,000, the daily transaction volume of derivatives fell from a maximum of $ 473B to less than $ 300B.In mid -May, the price of Bitcoin fell to about $ 60,000, and the minimum daily transaction volume of derivatives fell below $ 100B.
Binanceby30%The amount of unstrambne volume is ranked first in the market; most of the exchanges have declined
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2024 Q2, TOP 10 derivatives exchanges have changed significantly compared with the previous quarter.Most exchanges have fallen; Bitget, Bitmart, and HTX share have risen significantly.Among them, Bitget has the largest increase, about 5.6%; Bitmart follows closely, rising by about 2.8%.Binance, Kucoin and Bingx fell more than 2%.The rest of the exchange share changes between 0.5% -1%.
Most platform coins are onQ2Poor performance, onlyBGBandMXThe price change is positive
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Affected by Bitcoin’s price fluctuations and overall market conditions, most platform coins performed poorly at 2024 Q2.After the overall rise of Q1, the price of most platform coins floated large, and the overall fluctuation range showed a downward trend.Compared with the price at the end of the last quarter, only the price of BGB and MX changes; the rest are negative changes.
The largest platform currency in the quarterly price increase was BGB, an increase of 10.9%.Among the remaining platform coins, MX, Leo, BNB, and KCS are better than BTC; GT, OKB and CRO’s performance is lower than BTC.
