> 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.
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.