On-chain data shows Solana and other top cryptocurrencies have seen a decline in trading volume recently. Here’s what this says about the market.
Solana, Bitcoin, And Ethereum Trading Volumes Have Declined Over Past Month
According to data from the on-chain analytics firm Santiment, the cryptocurrency market’s trading volume has been declining since its peak in early March.
The “trading volume” here refers to the total amount of any given asset involved in trades on the various spot cryptocurrency exchanges.
When this metric’s value is high, it means that many coins are being shifted around on these platforms, suggesting that trading interest in the given asset is high right now.
On the other hand, low indicator values can imply that the cryptocurrency market is currently inactive. Such a trend may be a sign that general interest in the coin is currently low.
Now, here is a chart that shows the trend in the trading volume for various top assets in the sector, lik
We współpracy z: https://bitcoinist.com/solana-top-coins-lose-trading-volumet-interest/
