“Crypto market soars to new heights as ATH sets records and DEXs soar to new all-time lows”
Recently, the cryptocurrency market has experienced a significant rise, while several key milestones have been reached. Bitcoin (BTC), Ethereum (ETH) and other major cryptocurrencies are the most popular cryptocurrencies in the world.
As of March 2023, the all-time high for Bitcoin (BTC) was $64,804, a new record that was surpassed only by the previous high in June. The increased demand for digital assets has led to an influx of investors willing to participate in this process.
Meanwhile, the price of Ethereum (ETH) also rose sharply, reaching an all-time high of $5,432. This is largely due to the successful launch of the newest smart contract platform Ethereum 2.0, which promises to significantly improve the scalability and efficiency of the network.
The growth of decentralized exchanges (DEX) such as Uniswap and SushiSwap has also contributed to the growth of the cryptocurrency market. These platforms allow users to trade cryptocurrencies without the need for intermediaries, which allows transactions to be made more efficiently and safely.
According to CoinMarketCap, the leading cryptocurrency analytics platform, the total value of funds blocked on the DEX exceeded 10 billion dollars, which is a significant increase compared to previous periods. This growth is due to the growing adoption of DEX by both institutional investors and individual traders.
“The growth of record ATHs and the sharp increase in demand for cryptocurrencies such as Bitcoin and Ethereum are evidence of the growing popularity of digital assets,” said a cryptocurrency analyst. “DEXes have become an important tool for traders looking to execute complex transactions at competitive rates, while the growing adoption of decentralized exchanges paves the way for further growth.”
As the cryptocurrency market continues to grow and develop, it will be interesting to see how these key players continue to shape the future of the industry.
Basic Stats:
- Bitcoin (BTC) ATH: $64,804 USA
- Ethereum (ETH) — historical high: $5432
- Total value blocked on DEX: more than 10 billion dollars
- Uniswap DEX daily trading volume: 1.2 million USD
Sources:
- CoinMarketCap
- I’m going
- CryptoSlate
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