Here’s Why Ethereum’s DEX Volume Crashed in October

In brief

  • In early October Sam Bankman-Fried, the CEO of FTX, which operates the decentralized crypto exchange Serum, predicted that a surge in trading volume on Ethereum-based DEXes wouldn’t last.
  • Volume fell sharply across DEXes in October.
  • On Decrypt’s podcast, he explained how he identified what he calls “fake volume”.

At the LA Blockchain Summit in early October, Sam Bankman-Fried, the CEO of crypto exchange FTX, said that a summer surge in volume on Ethereum-based DEXes was…

Source link

About bitcoin

Check Also

Ethereum eyes rally against Bitcoin, with ETH price showing hidden bullish divergence

Ethereum’s native token, Ether (ETH), has been declining against its top crypto rival, Bitcoin (BTC), …

Leave a Reply

Your email address will not be published. Required fields are marked *