Web traffic to crypto exchanges fell in April compared to March, data indicates
May 9, 2020, 11:51AM EDT
1 min read
Data from traffic tracking platform SimilarWeb indicates that the number of visits to crypto exchanges fell in April compared to March.
As noted by The Block's Larry Cermak in an April by-the-numbers report on the crypto ecosystem, the number of visits fell from 111.2 million in March to 99.9 million in April. This represents a month-over-month decrease of 10.2%.
Binance saw the largest number in April, drawing in about 23.2 million visits during the period, followed by Coinbase (21.7 million) and BitMEX (8 million). Binance, Coinbase, and BitMEX drew 52.9% of the total trafﬁc, according to the data.
The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana.
We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years to come.