Fun

Derivatives, Spot Markets, Dex Swaps — 30 Day Crypto Trade Volumes Slipped Across the Board Last Month

News Feed - 2022-05-02 11:05:12

Derivatives, Spot Markets, Dex Swaps — 30 Day Crypto Trade Volumes Slipped Across the Board Last Month


Digital currency markets have been tumultuous during the past month as bitcoin shed 15.43% and ethereum dropped 17.49% against the U.S. dollar. Moreover, crypto spot volumes are down 18.95% lower than the month prior, and both futures and options volumes were down in April as well. Lower than average trade volumes typically suggest overall interest has declined, and investors may be waiting on the sidelines for lower prices. April’s Crypto Market Spot Volumes Slip Close to 19% Lower Than Last Month


The crypto economy ended the month of April in the red, as most digital assets suffered losses during the last few weeks. At the time of writing, all ten of the top crypto assets are down significantly as they lost between 10.39% to 31.43% during the trailing 30 days. Metrics further indicate that April’s cryptocurrency exchange volumes dropped 18.95% lower than in March.



As of May 1, 2022, bitcoin lost 15.43%, ethereum dropped 17.49%, BNB slipped by 10.39%, solana slid 31.43%, and XRP lost 25.27% over the last 30 days. Trailing 30 day data indicates that terra is under 27.66%, cardano dropped 31.39%, but dogecoin only shed 3.46% this past month.


Statistics show that during the month of March, $739.4 billion in trade volume was recorded, in terms of overall crypto spot market volume. April’s spot volume, according to the Block’s Legitimate Index and Crypto Compare metrics, came in at $599.22 billion. 30 Day Crypto Derivatives Volume Slide, Dex Volumes Slip, NFT Sales Increased by 64%


The same can be said for crypto derivatives markets as data indicates April saw $1.06 trillion in bitcoin futures volume, while $1.32 trillion was recorded in March. April’s statistics, in terms of bitcoin futures open interest, are lower during the past 30 days as well.


Today, there is $14.58 billion in futures open interest, and a month ago there was $16.59 billion in bitcoin futures open interest. Bitcoin options volume from Deribit, CME, Okex, Bit.com, Ledgerx, FTX, and Huobi was lower in April than the month prior. In March, there was $20.77 billion in bitcoin options volume, while April’s bitcoin options volume saw $15.81 billion. NFT sales data between March 1st to April 1, 2022.


Furthermore, the recent defi report covered by Bitcoin.com News indicates that April’s decentralized exchange (dex) trade volumes were 21% less than in March. In March dex trade volume was $117 billion, while April’s dex trade volume recorded $92.18 billion.


Non-fungible token (NFT) sales, on the other hand, saw a 39.25% increase during the last seven days, which bumped NFT sales over the last month up 64.44%. Moonbirds was the top-selling NFT collection this past month with $492 million in global sales. Tags in this story 30 day data, April, Bit.com, Bitcoin, Bitcoin options volume, Block’s Legitimate Index, bnb, Cardano, CME, Crypto Compare, deribit, derivatives, dex volumes, dogecoin, Ethereum, ftx, Futures, LedgerX, March, Month Stats, NFT sales, Okex, options, Solana, Spot Volumes, Terra


What do you think about the crypto market action during the last 30 days? Let us know what you think about this subject in the comments section below. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. With an "Aggressive" Fed Rate Hike Expected Next Week, Stocks and Crypto Markets Lose Billions MARKET UPDATES | 2 days ago Biggest Movers: FTM Down 12% to Start the Weekend, as ATOM Hits 8 Month Low MARKET UPDATES | 2 days ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleUkrainian Soccer Club Shakhtar to Raise Humanitarian Funds Through NFT Sale Next articleTelegram Users Can Send and Receive Toncoin Within Messenger Chats Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItBill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments


Russia’s recently revised bill “On Digital Currency” limits crypto purchases for non-qualified investors while providing legal ground for some cryptocurrency payments, according to local media. The draft law, proposed by the Russian finance ministry, also introduces strict requirements for platforms ... read more.Goldman Predicts US Recession Odds at 35% in 2 Years, John Mauldin Wouldn"t Be Surprised if Stocks Fell 40% Interest in Real Estate Investments in Spain Grew 400%, With Some Using Crypto and Stocks as Payment Method Iran to Increase Penalties for Unauthorized Cryptocurrency Mining Economist Predicts the Fed"s Response to Inflation Will Push Crypto Higher

News Feed

Cashfusion Use Increased by 328%, $200M in BCH Fused and Close to 20,000 Fusions
Cashfusion Use Increased by 328%, $200M in BCH Fused and Close to 20,000 Fusions Cashfusion, the privacy-enhancing solution for the Bitcoin Cash network is neari
Ezra Reguerra11 hours agoBinance $3.9B USDT move gains community attention amid DOJ settlement claimsBinance transferred $3.9 billion in USDT between its wallets, days before a report about a $4 billion settlement with t
XRP Breaks Out Of Head-And-Shoulders Pattern — Eyes Move Toward $1.30
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
‘Godfather of AI’ advises UK government to start UBI
Tristan Greene7 hours ago‘Godfather of AI’ advises UK government to start UBIGeoffrey Hinton also warns that advanced AI could pose an existential threat within the next five to twenty years.1937 Total views17 Total
Solana Price Continues Downward Slide — Is A Rebound Possible At $180? 
Este artículo también está disponible en español. Solana (SOL) was one of the large-cap assets affected by the recent market downturn triggered by the US Federal Reserve
Best Crypto to Buy as OpenAI and Musk’s Battle Escalates & OpenAI Tests New AI Agent
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Former Canadian Prime Minister Mentions Bitcoin Alongside Gold as Alternative Reserve Currencies
Former Canadian Prime Minister Mentions Bitcoin Alongside Gold as Alternative Reserve Currencies Former Canadian prime minister Stephen Harper has mentioned bitc
Terra was a ‘house of cards’ — SEC in opening statements for civil trial
Turner Wright5 hours agoTerra was a ‘house of cards’ — SEC in opening statements for civil trialTerraform Labs co-founder Do Kwon remained in Montenegro as the SEC trial kicked off in New York on March 25.4571 Tota
Bitcoin trading volume recorded post-halving ATH as crypto market bled
Arijit Sarkar1 hour agoBitcoin trading volume recorded post-halving ATH as crypto market bledBitcoin trading volumes reached unprecedented levels amid the market turmoil, while crypto hackers capitalized on discounted Et
US Lawmaker Introduces Crypto-Currency Act of 2020 While Under Coronavirus Quarantine
US Lawmaker Introduces Crypto-Currency Act of 2020 While Under Coronavirus Quarantine A U.S. congressman from Arizona has introduced the Cryptocurrency Act of 2020 while under co
Coinbase Files to Offer Cryptocurrency Futures and Derivatives Trading
Coinbase Files to Offer Cryptocurrency Futures and Derivatives Trading Cryptocurrency exchange Coinbase has filed an application with the National Futures Association (NFA) to offe
Last Chance to Get Staked $750+ Million HEX Payout November 19th, 2020
Last Chance to Get Staked $750+ Million HEX Payout November 19th, 2020 HEX.COM – The First High Interest Blockchain Certificate of Deposit – has outp