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    Home»Bitcoin»Whales make the most transactions on DEX platforms
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    Bitcoin

    Whales make the most transactions on DEX platforms

    AdministratorBy Administrator02.12.2021No Comments2 Mins Read
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    bt-crow.com

    02 December 2021 09:01, UTC

    Reading time: ~ 2 m


    High transaction fees on Ethereum are hindering increased activity among users of decentralized exchanges (DEX).

    It is this factor that has led to the fact that the lion’s share of operations on such trading floors are carried out by large investors, who are often called whales.

    The average commission on the ETH network is now $ 52.68. As a reminder, in May 2021, the average Ethereum fee reached $ 70. High fees are forcing users to leave for other blockchains.

    According to the Kaiko team, the average deal size on DEX has grown significantly over the past few months, while the number of transactions has remained unchanged.

    For example, on the Curve platform, the average trade size ranges from $ 500,000 to $ 1 million. On other exchanges, such as Uniswap V3, Uniswap V2, SushiSwap and Balancer V1, the average trade size reaches $ 20,000, which is almost ten times higher than on centralized exchanges (CEX), where the amount of one transaction does not exceed $ 4000.

    At the same time, on decentralized platforms, users make no more than 50,000 transactions daily, while on centralized exchanges this number reaches several million, experts said.

    Whales make the most transactions on DEX platforms




    #Whales #transactions #DEX #platforms

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