July saw a strong rebound in centralized exchanges’ spot trading, up 62% MoM. BitMart topped the charts with a +143% surge, followed by Upbit (+141%) and Coinbase (+79%). Derivatives also grew 31%, led by KuCoin (+71%), Bitget (+57%), and Crypto.com (+51%).
Website traffic climbed 16% overall, with HTX jumping 85%, Bitfinex +47%, and Kraken +42%.
Binance remains the top CEX with $27.76B in 24h spot volume and $103.66B in derivatives, followed by Bybit and Bitget. On DEXs, PancakeSwap v3 leads spot trading ($2.7B), while Hyperliquid dominates derivatives ($13.9B). Venus continues to lead in lending with $2.22B volume.