📊 Global Decentralized Exchange Trading Volumes Decline for Fourth Consecutive Month.
The chart is titled "Global Perps. Total 24h Volume (Exchanges)" and illustrates the total 24-hour trading volume for perpetual contracts across several cryptocurrency exchanges from September 2022 to May 2024. The vertical axis represents the volume in U.S. dollars, ranging from $0 to $60 billion. The horizontal axis marks time periods from September 2022 through May 2024.
The exchanges are color-coded as follows:
- **DYDX**: Green
- **Vertex**: Purple
- **AEVO**: Brown
- **Mango Markets**: Red
- **Kwenta**: Dark Green
- **Paradex**: Blue
- **Blitz**: Mustard Yellow
### Observations:
- DYDX (green) consistently dominates the trading volume across all periods, with notable peaks in March 2023 and January 2024, where the total volume exceeded $40 billion.
- Vertex (purple) and AEVO (brown) also contribute significantly to the volume, particularly from January 2024 onwards.
- Smaller contributions are seen from Kwenta (dark green), Paradex (blue), Blitz (mustard yellow), and Mango Markets (red), with their volume appearing in shorter periods or smaller amounts.
Overall, the chart shows fluctuations in total volume, with the highest peaks occurring in March 2023 and January 2024. After January 2024, the total volume begins to decrease through May 2024.
