April witnessed the lowest monthly trading volume so far in 2023, nearly halving from March's volumes, were the highest in 2023.
Opposed to the conventional idea, users didn’t shift to DEXs.
After three consecutive months of growth, trading volumes on centralized crypto exchanges fell sharply in April, according to market data provider Kaiko. Infact, April witnessed the lowest monthly volume so far in 2023. The volumes nearly halved from March, which were the highest in 2023. Kaiko added that April’s decline reversed the gains made in March during which pre-FTX levels were attained. However, it added that the overall volume remained considerably higher than the pre-2020 bull run era.declined in April after rising for three consecutive months and surpassing pre-FTX levels in March.
Overall, however, the crypto market remains significantly larger than it was before the 2020 bull run.
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