February 27, 2021

BTC, ETH and USDT account for 90% of the trading volume

BTC, ETH and USDT account for 90% of the trading volume

The cryptocurrency market has become much more centralized than ever before. Such a conclusion can be made Based on the data from the Messari platform.

Research Analyst Project WilsonUisiama, the real market volume is focused on only three digital assets: Bitcoin (BTC), Ethereum (ETH) and Tether's USDT token. Today, these three digital assets account for 90% of the trading volume.

BTC, ETH and USDT account for 90% of the trading volume

The growing activity on cryptocurrency exchanges looks promising for BTC, ETH and USDT, but the future of other coins is still difficult to predict.

The analyst believes:

Bull rally stimulates widespread interest in new networks. Uncertainty causes the opposite effect.