In the third quarter, more than 9 billion U.S. dollars of funds flowed into Ethereum. The top ten DEX transaction volume growth rate reached 700%. In September, the transaction volume was approximately 30.4 billion U.S. dollars.
Written by: CoinGecko
Translation: Lu Jiangfei
Cryptocurrency data analysis platform CoinGecko has released its third quarter report. Let’s take a look at their thoughts and insights.
In the third quarter of 2020, the cryptocurrency market growth rate reached 31%, but due to the impact of the new crown virus epidemic and the US presidential election, the cryptocurrency market experienced a slight decline at the end of September.
It is worth mentioning that Bitcoin has remained above the $10,000 benchmark for 65 consecutive days, showing signs of further market strength. In addition, Bitcoin hit a new 2020 price high in August: $12,272, almost close to the 2019 high of $12,996.
In the third quarter, more than US$9 billion of funds flowed into Ethereum, of which USDT accounted for US$6 billion. In addition, WBTC’s market performance is also amazing, with its lock-up volume reaching US$1 billion, a single-quarter increase of 1700% in the third quarter.
In the third quarter of 2020, the top ten DEX transaction volume growth rate reached 700%. In September, the transaction volume of the month was about 30.4 billion U.S. dollars, far surpassing centralized exchanges. In the same period, the growth rate of centralized exchanges was only ” “70%. In DEX, Uniswap has a market share of 63% and Curve has a market share of 17%.
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