10x Research: Cryptocurrency Market Trading Volume Hits New Low Since 2022

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Golden Finance reports that on March 30, research firm 10x Research posted on the X platform saying that crypto market trading volume has hit the lowest level since 2022. At present, the total market capitalization of the crypto market is $2.3 trillion, down 1.7% from last week; the weekly average trading volume is $90 billion, down 7% from the average.
Among them, Bitcoin’s weekly trading volume is $38.2 billion, 5% below the average; Ethereum’s weekly trading volume is $18.3 billion, 18% below the average.
Ethereum network fees (0.12 Gwei) are at a 17% level, indicating lower network utilization.
In addition, Bitcoin’s funding rate rose 4.1% this week to 1.5%, which is at a 13% level over the past 12 months. Open futures contracts increased by $100 million to $21.5 billion. Ethereum’s funding rate rose 3.7% this week to 2.8%, which is at a 12% level over the past 12 months. Open futures contracts increased by $100 million to $11.8 billion.

BTC1.16%
ETH3.16%
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