March 29, 2024

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. This conclusion can be drawnbased on data from the Messari platform.

According to research by project analyst WilsonUysiama, 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 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.