The post the volumes of the DEX are decreasing, but the price of the crypto is recovering appeared on BitcoinEthereumNews.com.

The volumes of DEX on BNB Chain have dropped by -29% in a week, surpassing the decline recorded by DEX on Ethereum (-11.5%) and on Solana (-19%). Yet, the price of the crypto BNB seems to be recovering, rising to 535$. BNB Chain: drop in DEX volumes by -29% in one week, but the crypto price starts to rise again According to the data from DefiLlama, in the last seven days, the volume of DEX on BNB Chain has dropped by -29%. A worse performance than the other two main blockchains in the world of DeFi, with DEX on Ethereum recording a decline of -11.5% and on Solana of -19%. Delving deeper into the analysis, it appears that even the number of active addresses reported by DappRadar has recorded a decline in the last seven days and here too, BNB Chain surpasses the other two blockchains negatively.  In fact, the number of active addresses involved with BNB Chain decreased by -18% while on Ethereum only by -5%, in the same period.  Coloring this chart red, it was precisely the top dApps of BNB Chain like Move Stake, Treasury Ship Game, PancakeSwap, StarryNift, and Galxe. These data indicate that the general decline of BNB Chain has affected not only the DEX, but also the dApps on games and staking services.  Yet, in this context, BNB seems to want to recover with the price of the crypto that today woke up colored in green.  BNB Chain: the volume of DEX decreases but the price of the crypto shows a recovery In the last 24 hours, the price of BNB has risen by over 5%, recovering the drop of the last seven days which has now become only -4%.  In other words, at the time of writing, the price of BNB is $535,…

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Filed under: News - @ September 3, 2024 7:25 am