It’s difficult for people outside of this space to see, as you only notice when news hits the front page. I work at a major crypto exchange (Poloniex) and all of our metrics are very bullish. I don’t think your 2017 opinion is relevant anymore.
My "lie" is so trivially and easily confirmed: https://data.bitcoinity.org/markets/volume/all?c=e&t=b
Yesterday’s volume of $54,406,443,211 was the highest in one hundred and eighteen days, 138 percent above last year’s average, and 26 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 871 tons of gold.
https://thenextweb.com/hardfork/2020/09/11/satoshi-nakaboto-...
E: I quacked for myself.
This seems to show trade volumes in terms of BTC and trades/min have indeed plummeted since late 2016.
https://data.bitcoinity.org/markets/volume/5y?c=e&t=b
https://data.bitcoinity.org/markets/tradespm/5y?c=e&t=a
You can draw your own conclusions as to what that means but the specific claim that trading volume has decreased does seem to be true.
A cursory glance:
- bitcoinity doesn't include Binance in its list of exchanges which is a strange omission. https://coinmarketcap.com/rankings/exchanges/
These might be a bit more accurate:
- Exchange traded volume: https://www.blockchain.com/charts/trade-volume
- Transactions per day : https://www.blockchain.com/charts/n-transactions
7 day averages are down from 2018, but up compared to 2016.
Nope. Bitcoin trading volume (for example) has plummeted to a miniscule fraction of its late-2016 hype height.