According to this week’s data, cryptocurrency trade volume touched an all-time high on May 20, reaching $1.76 trillion in reported 24-hour volume. Daily trade volume statistics for Monday have been high, as reported volume from crypto market aggregators shows over $300 billion in 24-hour volume. Meanwhile, stablecoins capture 50% of Monday’s global trade volume with tokens like tether, binance usd, and usd coin leading the pack.
Reported Crypto Exchange Volumes Worldwide Capture Lifetime Highs
Out of all the volume reported across the crypto economy’s lifetime, May 2021 saw the highest cryptocurrency trade volume in history. In fact, on May 20, the reported volume across hundreds of crypto exchanges shows an all-time high (ATH) of $1.76 trillion in daily volume. The reported volume for bitcoin (BTC) on Monday is around $71 billion in global swaps.
Statistics indicate that April saw a significant amount of trade volume as well, nearing a trillion when it tapped a 30-day high at $708 billion in daily swaps. The recently captured $1.76 trillion last Thursday, also took place when the entire crypto market capitalization dropped in fiat value from well over $2 trillion to $1.4 trillion.
Data from coincheckup.com’s global stats show that after May 19, 2021, nearly every day exceeds $1 trillion in worldwide swaps.
On Monday, stats from Coingecko show reported global trade volume is roughly $304.9 billion and an overall $1.6 trillion crypto-economy valuation. Coingecko’s data is roughly the same as coinmarketcap.com, which essentially shows what exchanges are reporting in real-time.
if (!window.GrowJs) { (function () { var s = document.createElement('script'); s.async = true; s.type = 'text/javascript'; s.src = 'https://bitcoinads.growadvertising.com/adserve/app'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); }