Global cryptocurrency exchange rate traffic increased 13% in July

According to cryptocurrency analysis data launched by ICO Analytics, the network traffic of global cryptocurrency exchanges increased by an average of 13% in July 2020.

According to the report, network traffic for global cryptocurrency exchanges increased significantly in July due to the upward momentum in cryptocurrency prices.

Illia Kmez, director of data for ICO Analytics, said network connectivity over the exchange rate has increased by 26% since December 2020 in just one country.

Although the average rank is 13%, the monthly growth of some crypto exchanges is significant, with traffic up to 60%, like YoBit.net and KuCoin.

According to the report, Binance, the world's largest cryptocurrency exchange, registered 24.9 million visits in July and traffic reached almost 10%.Coinbase, the largest cryptocurrency and wallet exchange service in the United States, recorded 22.5 million visits this month and traffic is up 18%.

not everyone is a winner

Other popular exchanges such as BitMEX and OKEx saw their traffic in July.According to the data, BitMEX traffic decreased 1.6% and OKEx traffic decreased 6%.

Uniswap is the most popular DeFi protocol.

In another tweet from August 9, ICO Analytics provided similar stats for financial distribution (i.e. DeFi).Data shows that the Uniswap exchange recorded the highest number of transactions in July with more than 1.4 million visits.According to data from major business website DefiPulse.com, Uniswap ranks ninth in DeFi based on all costs included in the contract.

According to data from ICO Analytics, financial services provider DeFi Balancer Pool recorded the largest increase in network connectivity in July with an increase of 193%.

ICO Analytics also noted that, despite a further increase in DeFi-related markets, no DeFi platform has reached the level of 20 intermediary exchanges.

In early July, cryptocurrency trading firm Messari reported that DeFi only accounts for 1.5% of all cryptocurrency transactions.According to data from DefiPulse.com, the total closing price in the DeFi market at the time of press was $ 4.7 billion.