The aggregated daily trading volume across the 15 largest cryptocurrency exchanges has seen a significant increase, growing by 425 times since 2020. This increase is reflected in other major metrics of the crypto market, which have also recorded triple-digit gains since the previous bear market. The surge in trading volume has been driven by futures trading and has been associated with events such as the approval of spot Bitcoin ETFs, the debut of spot Ether ETFs, and post-election crypto mania. Despite criticism, Ethereum remains the top platform for decentralized finance (DeFi) projects, with a total value locked (TVL) of over $150 billion. The overall market capitalization of cryptocurrencies has also experienced significant growth, rising from $240 billion to $3.15 trillion, with over 10 million crypto assets being tracked.



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