Crypto exchange volumes continue to fall, according to The Block’s Data Dashboard.
Drawn from The Block Research’s Legitimate Volume Index, May saw exchanges post $307.4 billion in volume — a decline of 23.2% from April.
Exchange volumes have slid in recent months, with May’s numbers continuing that trajectory.
The May figure represents the lowest level since November 2020.
Binance claimed a 71% market share for May, followed by Coinbase and BTSE at 8.7% and 5.1%, respectively.