Binance saw the highest web traffic among other crypto exchanges in July
August 16, 2020, 11:22AM EDT
1 min read
Crypto exchange Binance had the highest number of visitors among its peers in July, coming in at 25 million visitors. This was followed by Coinbase and BitMEX, with 22.5 million and 6.9 million visitors, respectively, according to data collected by The Block Research.
These three exchanges combined account for 49% of the total web traffic last month, per the data from SimilarWeb.
The web traffic on cryptocurrency exchanges witnessed an increase of 12.7% in July, as reported in The Block’s analysis. To read the full piece and more such analysis by The Block Research, click here.
Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.