Cryptocurrency world is experiencing different years compare to last decade. COVID-19 pandemic was one of the factors which gathers more popularity for cryptocurrencies. Many people attracted to this sector in order to find another investment option. Among all other factors, the great performance of cryptocurrencies during the last few years is the other reason of popularity. In the latest news, crypto exchanges web traffic increased by 13%.
Crypto exchanges and DeFi protocols web traffic
The statistics show that crypto exchanges and DeFi protocols web traffic is growing continuously. One of the reasons of the enhancement could be the price gain of cryptocurrencies.
ICO Analytics is the crypto analytics startup. The data from this startup show that global cryptocurrency exchanges increased by 13% in July 2020.
Head of content at ICO Analytics, Illia Kmez, revealed that the web traffics for centralized crypto exchanges have grown for 26% since December 2020. The data and information of this survey collected from international trading exchanges and platforms, which operate just in one country.
Some crypto exchanges showed even more growth. For example, YoBit.net and KuCoin had 60% increase in web traffic.
The numbers are different for the largest crypto exchanges. Binance had 10% increase in web traffic. The Binance reported 24.9 million visits just in July. Meanwhile, Coinbase had 18% increase in web traffic and 22.5 million single visits.
Crypto exchanges web traffic increased by 13%; not all exchanges are included
Some other popular exchanges show different results compare to those above. For instance, OKEx and BitMEX experienced dramatic traffic drop in July. Their web traffic dropped respectively by 6% and 1.6%.
Uniswap as the largest DeFi protocol by web traffic
The ICO Analytics revealed the same statistics about DeFi. The data show that Uniswap ranked as the ninth largest decentralized exchange in terms of web traffic. In fact, it showed 1.4 million visits just in July.
Although many DeFi markets show significant growth, none of them could reach the level of top 20 centralized exchanges.