Cryptocurrency exchange visitor traffic rose in March

I was writing a separate article on my phone when I saw this pop up notification and decided to check it out. Apparently, this has been a 6.1% monthly growth since February's 339.4 million visits. The user base is always a great thing to factor in, because in a nutshell, it indicates many things including system relevance and partially, it's long term possibility. I said partially because when you look at the chart above, you'd really a drastically bad indication, that's around the chaos that happened in the 2018 crash, looking at it from there you'd almost conclude that the space was done for.

Why Traffic Matter

The traffic determines a lot of things, and most importantly, the money that flows into this space and how sustainable the value therein is. If you judge from this year in year out chats, we can firmly say that close to a billion (if not more) people know about crypto, just that many don't know how it works or why it's even a thing...

More of what has been happening in the world today has sparked some great exposure to cryptocurrencies, one that is likely to have a great impact on it, economically. The government wars against proof of work crypto, bitcoin to be exact, the Russian Ukraine war and all the crypto events that surround it. Many things have revolved around crypto, increasing the rate at which people ask questions. The masses are embracing this knowledge quite well, and we can expect this space to take over the financial sector in full, in coming years!

Traffic By Exchanges.

Although this is majorly metrics drawn from centralized exchanges visits, it's only normal to have that as the first point of consideration being that DEXs have no way presently to bridge the fiat world and not so many trust third party exchanges without open trading atmospheres like Simplex and the rest!

Is 31% a risk if volume were to be considered? Somehow, it translates to risk but considering the industry and how big binance is, it has basically moved from being an exchange to building a blockchain that not surprisingly has one of the most high volume DEXs, so it's more less of a risk.

Let's have a look at DEXs traffic…

It is quite lovely when you see more traffic hitting the decentralized sectors of finance management. The main push for crypto adoption is not about trading its futures or investing in its ETFs, it's more about embracing a change in the financial sector, that includes the way money is being created, distributed and managed. Defi traffic is certainly amazing, that's like 34.75% of that of centralized exchanges. It's exciting actually, and shows how things are moving, $4 billion is a huge 24hrs volume and more of this shows the significance of the network!

While all this excludes the volumes and traffic in the NFTs and gaming industry, we'd realise it's far too big of a success to ignore and it's taking many folks by surprise!

Keep your fangs sharpened 🦁