10x Research: Cryptocurrency market trading volume hits a new low since 2022

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According to Mars Finance, research institution 10x Research posted on platform X noting that the trading volume in the cryptocurrency market has hit a new low since 2022. Currently, the total market capitalization of cryptocurrencies stands at $2.3 trillion, down 1.7% from last week, with an average weekly trading volume of $90 billion, a decline of 7% from the average. Among these, Bitcoin’s weekly trading volume is $38.2 billion, which is 5% lower than the average; Ethereum’s weekly trading volume is $18.3 billion, which is 18% lower than the average. Ethereum’s network fees (0.12 Gwei) are at a level of 17%, indicating low network utilization. In addition, Bitcoin’s funding rate increased by 4.1% this week to 1.5%, at a level of 13% over the past 12 months, with open interest in futures rising by $100 million to $21.5 billion. Ethereum’s funding rate rose by 3.7% this week to 2.8%, at a level of 12% over the past 12 months, with open interest in futures increasing by $100 million to $11.8 billion.

BTC1,45%
ETH3,05%
GWEI0,3%
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