POPA ReconCEX Futures Volume Falls to a 31-Month Low
CEX Futures Volume Falls to a 31-Month Low Futures volume on centralized exchanges fell to $4.0T in July - the lowest monthly print since December 2023, down 63% from the $10.9T peak last October, per CryptoRank. The three-month recovery that ran from April through June is over, and no major venue was spared: Binance did $1.4T, roughly a third of the whole market. Put July's numbers side by side and the structure gets clear. CEX futures at a 31-month low, spot DEX volume on Ethereum back to October 2023 levels — while perp DEXs keep printing records, with tokenless venues clearing $194B and…
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