In the month of December, the total volumes on crypto exchanges reached 1.1 trillion dollars.
It was a level that hadn’t been seen since September 2022, as since then the total monthly volumes had never risen above one trillion.
Monthly volumes on crypto exchanges
These data are published by The Block, and the graph highlights how the previous monthly peak in 2023 before December was in March, with less than 950 billion dollars.
The highest monthly peak ever recorded was in May 2021, when altcoins reached new highs driven, among other things, by Elon Musk’s participation in Saturday Night Live, which caused the price of Dogecoin to skyrocket.
At that time, they were even higher than 4 trillion, while in November of the same year, when the all-time high value of the price of Bitcoin was recorded, they had already dropped to just over 2.5 trillion dollars.
Excluding, however, the great bull run of 2021, even in May 2022, when the crypto ecosystem Terra/Luna collapsed, the total m
We współpracy z: https://en.cryptonomist.ch/2024/01/03/boom-of-volumes-on-crypto-exchanges/
