According to Wu Blockchain and The Block, the spot trading volume on crypto exchanges has doubled from its yearly low to approximately $37 billion over the past five days, but it’s still significantly lower than the 12-month peak of around $105 billion. So far in August, CEX spot trading volume is about $490 billion, compared to $670 billion in July. The Block notes that during this cycle, trading demand for $BTC and $ETH is being diverted by spot ETFs, digital asset treasuries, and DEX platforms like Hyperliquid and Lighter, while altcoin trading remains primarily concentrated on centralized exchanges. https://(wublock123.com)/news/crypto-exchange-volume-doubles-to-37b-in-5-days-still-one-third-yearly-peak-67136