Crypto Exchange Volumes Double in Five Days as Trading Activity Surges

Crypto exchange trading volumes have doubled in just five days, climbing off yearly lows to surpass $37 billion. Despite the sharp jump, this remains well below the 12-month high of $105 billion recorded shortly after the October 10 liquidation event, showing the market is still recovering rather than fully back to peak activity.

Monthly Volumes Still Show a Slowdown

August has seen about $490 billion in total trading volume so far, compared to $670 billion in July. Analysts note that spot exchange volume increasingly competes with spot ETFs, which now absorb demand that previously flowed entirely through centralized exchanges.

Altcoins and Decentralized Platforms Reshape the Market

Bitcoin and Ethereum surged over 23% and 30% last week, while altcoins rose around 13% in the same period. At the same time, growing use of decentralized exchanges like Hyperliquid and Lighter is drawing additional volume away from traditional centralized platforms, adding a new competitive dynamic to the market.