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Come What May. With less than a week to the end of April, crypto exchanges have already seen $1.3 trillion in volume, eclipsing February high. This marks the third consecutive month we’re seeing volumes exceed $1 trillion. Crypto exchange volume as a percentage of NYSE-owned exchange volumes increased from 8% in September last year, to 49% in February. Quite some growth, don’t you think? The violent swings from an extremely bullish ATH to the largest single-day Bitcoin futures liquidation certainly serve to buoy the volume, while reminds us — the market is full of surprises.
That’s Impressive. The crypto lending sector has gone parabolic in Q1, with lending deposits on the three largest and most popular Ethereum-based DeFi platforms hitting an all-time high. Aave, Compound, MakerDAO collectively held more than $25 billion from users, like nothing the industry has ever seen before.