While the average stands at 13%, some crypto exchanges have recorded a more notable monthly increase, with traffic surging over 60% ,as was the case with YoBit.net and KuCoin. Binance, the world’s largest crypto exchange, reportedly saw 24.9 million visits in July, with traffic surging nearly 10%. Coinbase, the largest crypto exchange and wallet service in the United States, recorded 22.5 million visits during that month, with traffic seeing an 18% increase.
Other popular exchanges like BitMEX and OKEx saw their traffic drop in July. According to the data, BitMEX’s traffic dropped 1.6%, while OKEx saw a 6% decline. ICO Analytics also noted that, despite significant growth of DeFi markets-related traffic, none of DeFi platforms have reached the level of top 20 centralized exchanges. Earlier in July, crypto market analytics firm Messari said that DeFi makes up only 1.5% of the entire crypto market. As of press time, total value locked in DeFi markets accounts for $4.7 billion, according to DefiPulse.com.