📊 #Kaiko report:

▪️ #MNT Since October, Bybit's market share has grown from 8% to 16%, surpassing Coinbase to become the second largest exchange after Binance;

▪️ Binance's $BNB dominance continues to erode, falling from 60% to 54% since October;

▪️ The increase in volume on Bybit was mainly driven by both BTC and ETH;

▪️ In contrast, Binance has seen stronger growth in altcoin volume, while the share of volume generated by BTC and ETH has dropped from 59% to 43%;

▪️ Options traders are optimistic about the long-term prospects of $ETH ;

▪️ $BTC liquidity continues to decline over the weekend;

▪️ Exchange token volumes have fallen fourfold since the 2021 bull run