We will look at spot trade volumes at exchange venues. Here, we apply a 90d MinMax scalar, which normalizes the value set over a range of 1 to -1 relative to the maximum and minimum values of the selected period.

From this, a similar observation can be ascertained, with spot volume momentum continuing to decay. This adds more weight to the idea that there has been a notable decline in trade activity over the last quarter. #BinanceLaunchpoolHMSTR #EIGENonBinance #BTCUptober