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▲ Cryptocurrency, decline, forced liquidation/ChatGPT generated image
The daily spot trading volume in the cryptocurrency market has decreased to $15 billion, marking the lowest point in 2026.
According to crypto media outlet CryptoPotato on August 5 (local time), the daily spot trading volume on exchanges tracked by Kaiko last week fell to approximately $15 billion. The daily trading volume of 44 cryptocurrency spot exchanges decreased by 70% from its peak in January. The average daily trading volume also dropped by 50% since December 2025, settling at around $20 billion. More than 60% of the total trading activity was concentrated on the top six centralized exchanges (CEX).
Cryptocurrency researcher Emperor Osmo pointed out that it is difficult to conclude that market liquidity has disappeared solely based on the decrease in trading volume on centralized exchanges. Data from The Block shows that the proportion of decentralized exchange (DEX) trading volume relative to centralized exchange trading volume increased from about 20% in April to about 24% in July. In August, which has not yet been fully tallied, this proportion exceeded 46%. Osmo stated, “Centralized exchanges are simply ceding market share to decentralized exchanges.”
Trader Jeff reported that stablecoin trading volume and active addresses increased compared to the previous month. The number of tokenized real-world asset holders also grew by 51% over 30 days, reaching 1.57 million. He assessed, “Traders have left, but users remain.” Jake O, Head of OTC Trading at Wintermute, said, “The concentration of trading volume towards stronger exchanges is a net positive for the entire industry.”
Amid the trading slowdown, major cryptocurrencies also showed a significant gap from their all-time highs. Bitcoin (BTC) was about 50% lower than its all-time high recorded in October 2025. Ethereum (ETH) dropped 62% from its peak. XRP and Solana (SOL) fell by 70% and 75% respectively from their all-time highs. Some market participants analyzed that a long-term capital outflow from the cryptocurrency market occurred as artificial intelligence (AI) absorbed investors' interest and capital.
Korean trader Frontier Bet predicted that the approval of the US cryptocurrency market structure bill could be an opportunity to draw capital back into the market. However, after Thom Tillis and Ruben Gallego proposed an amendment strengthening ethical regulations, the White House did not respond, lowering the chances of the bill's approval.
[Article Key Summary]
-The daily spot trading volume of cryptocurrencies decreased to approximately $15 billion, recording the lowest in 2026.
-The daily trading volume of 44 exchanges decreased by 70% from its January peak, but the proportion of decentralized exchanges exceeded 46% in August.
-The market saw conflicting analyses regarding long-term capital outflow and the shift in market share between exchanges.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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