💳 The popularity of crypto cards continues to grow steadily
If we look at the Monthly USD Volume dynamics, the sector has evolved from a niche product in 2023 into an infrastructure handling hundreds of millions of dollars in monthly volume by 2026.
📈 By April 2026, total volume approached ~$660M/month.
And the most interesting part is who actually controls this market.
🔴 TRON remains the largest network in the segment, processing $213M in volume in April. However, its market share declined from ~45% in 2023 to ~32% in 2026.
🟡 BSC is also losing its share. BNB Chain’s share fell by ~8%, from ~23% in 2023 to ~15% in 2026.
BSC still maintains a strong position largely thanks to:
🔷 Ethereum and Solana are gradually increasing their share not only through DeFi speculation, but through real-world usage.
For years, the market discussed mass adoption as an abstract concept:
— NFTs;
— metaverses;
— Web3 social;
— GameFi.
But crypto cards have become one of the first truly working bridges between:
crypto ↔️ everyday payments.
Solana’s share grew from 0% in 2024 to ~11.6% in 2026.
Meanwhile, Ethereum’s share declined from ~55% in 2023 to ~11% in 2026, gradually losing liquidity to its L2 ecosystem, where the leaders by volume in April 2026 were:
💎 What’s also interesting is that this growth is happening despite:
— a weak altseason;
— declining DeFi activity;
— falling NFT volumes.
⚠️ At the same time, the data highlights an important structural trend:
The Payments sector currently accounts for 33% of total investment focus, and since the beginning of 2026 ~$3.6B has already raised into this segment. This suggests that part of the market is gradually shifting from speculative use cases → to utilitarian finance.
👉 https://cryptorank.io/funds
If we look at the Monthly USD Volume dynamics, the sector has evolved from a niche product in 2023 into an infrastructure handling hundreds of millions of dollars in monthly volume by 2026.
📈 By April 2026, total volume approached ~$660M/month.
And the most interesting part is who actually controls this market.
🔴 TRON remains the largest network in the segment, processing $213M in volume in April. However, its market share declined from ~45% in 2023 to ~32% in 2026.
🟡 BSC is also losing its share. BNB Chain’s share fell by ~8%, from ~23% in 2023 to ~15% in 2026.
BSC still maintains a strong position largely thanks to:
— the Binance ecosystem;
— cheap on-chain transactions;
— integrations with card providers.
🔷 Ethereum and Solana are gradually increasing their share not only through DeFi speculation, but through real-world usage.
For years, the market discussed mass adoption as an abstract concept:
— NFTs;
— metaverses;
— Web3 social;
— GameFi.
But crypto cards have become one of the first truly working bridges between:
crypto ↔️ everyday payments.
Solana’s share grew from 0% in 2024 to ~11.6% in 2026.
Meanwhile, Ethereum’s share declined from ~55% in 2023 to ~11% in 2026, gradually losing liquidity to its L2 ecosystem, where the leaders by volume in April 2026 were:
— Optimism ($63M);
— Base ($39M);
— Arbitrum ($26M).
💎 What’s also interesting is that this growth is happening despite:
— a weak altseason;
— declining DeFi activity;
— falling NFT volumes.
⚠️ At the same time, the data highlights an important structural trend:
The Payments sector currently accounts for 33% of total investment focus, and since the beginning of 2026 ~$3.6B has already raised into this segment. This suggests that part of the market is gradually shifting from speculative use cases → to utilitarian finance.
👉 https://cryptorank.io/funds
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Part 2: Large Tokens That Completed Full VC Vesting⚡️
ICP, ETHFI, LDO, GRT, SAND, and AXL have already gone through their full VC vesting cycles.
📅 OP is also nearing final VC unlock completion: Optimism’s final unlock for the Investors allocation is scheduled for May 31, 2026.
👉CryptoRank.io/token-unlock
ICP, ETHFI, LDO, GRT, SAND, and AXL have already gone through their full VC vesting cycles.
📅 OP is also nearing final VC unlock completion: Optimism’s final unlock for the Investors allocation is scheduled for May 31, 2026.
👉CryptoRank.io/token-unlock
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📊 Which Perp DEX Allocated the Most to Its Community?
Among Perp DEX tokens launched over the past year, ASTER allocated the largest share of supply to community rewards and airdrops, with over two-thirds of total supply reserved for these distributions.
Top community-focused allocations:
• ASTER — 67.8%
• BASED — 59.6%
• ROLL — 54.0%
• DIME — 46.6%
• EDGE — 35.0%
• LIT — 25.0%
👉 CryptoRank.io/exchanges/dex/derivatives
Among Perp DEX tokens launched over the past year, ASTER allocated the largest share of supply to community rewards and airdrops, with over two-thirds of total supply reserved for these distributions.
Top community-focused allocations:
• ASTER — 67.8%
• BASED — 59.6%
• ROLL — 54.0%
• DIME — 46.6%
• EDGE — 35.0%
• LIT — 25.0%
👉 CryptoRank.io/exchanges/dex/derivatives
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🔮 Prediction Markets Rivalry in May
Prediction markets are increasingly emerging as a standalone category within digital financial markets.
Kalshi currently leads the sector in volume, fees, and transactional activity.
Polymarket maintains strong onchain engagement, while smaller platforms such as Predict.fun remain highly niche.
The broader trend is clear: markets are increasingly pricing information, and public sentiment as tradable assets.
👉 https://cryptorank.io/prediction-markets
Prediction markets are increasingly emerging as a standalone category within digital financial markets.
Kalshi currently leads the sector in volume, fees, and transactional activity.
Polymarket maintains strong onchain engagement, while smaller platforms such as Predict.fun remain highly niche.
The broader trend is clear: markets are increasingly pricing information, and public sentiment as tradable assets.
👉 https://cryptorank.io/prediction-markets
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🔓 Top 7 Token Unlocks in June
• RAIN — largest unlock of the month, with $713.6M set to be unlocked from the Strategic Sale allocation.
• SPK — first post-cliff unlock covering Team, Ecosystem, and Sky Farming allocations. A total of 25.3% of supply will be unlocked, equivalent to 139.7% of current market cap.
• SAHARA — first post-cliff unlock covering Early Backers, Team & Contributors, and Binance HODLer Airdrops. A total of 10.5% of supply will be unlocked, equivalent to 30.9% of current market cap.
• H, STABLE, ZRO, and ADI will see monthly unlocks in June.
👉 cryptorank.io/token-unlock
• RAIN — largest unlock of the month, with $713.6M set to be unlocked from the Strategic Sale allocation.
• SPK — first post-cliff unlock covering Team, Ecosystem, and Sky Farming allocations. A total of 25.3% of supply will be unlocked, equivalent to 139.7% of current market cap.
• SAHARA — first post-cliff unlock covering Early Backers, Team & Contributors, and Binance HODLer Airdrops. A total of 10.5% of supply will be unlocked, equivalent to 30.9% of current market cap.
• H, STABLE, ZRO, and ADI will see monthly unlocks in June.
👉 cryptorank.io/token-unlock
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📉 Market Overview
Bitcoin trades near $73,130 as persistent pressure from spot BTC ETFs continues, with U.S. Bitcoin ETFs recording $2.97B in outflows over the last 10 trading sessions — the longest outflow streak on record. Rising oil prices and stalled ceasefire negotiations between the U.S. and Iran have also weighed on market sentiment.
Bitcoin: $73,130 -1.07%
Ethereum: $1,987 -2.01%
Market Cap: $2.56T
BTC Dominance: 57.3%
Fear & Greed Index: 29 (Fear)
Altcoin Index: 38/100
👉 Latest News
• US has seized nearly $1 billion in Iranian crypto, Treasury secretary says
• A massive $1.26 billion sale of BlackRock’s IBIT was likely a rapid exit by a large investor
• Samsung Electronics Overtakes Bitcoin in Global Market Cap Ranking
👉 Small Cap Gainers
Portal +196.3%
Solstice +120.8%
PlaysOut +79.4%
Talus Network +38.7%
Gitlawb +37.6%
👉 Recent Funding Rounds
- Replit Strategic round backed by Visa
- Hypernova $3M Pre-Seed round led by Lemniscap
- Coinone $53M Strategic round backed by Coinbase Ventures
Bitcoin trades near $73,130 as persistent pressure from spot BTC ETFs continues, with U.S. Bitcoin ETFs recording $2.97B in outflows over the last 10 trading sessions — the longest outflow streak on record. Rising oil prices and stalled ceasefire negotiations between the U.S. and Iran have also weighed on market sentiment.
Bitcoin: $73,130 -1.07%
Ethereum: $1,987 -2.01%
Market Cap: $2.56T
BTC Dominance: 57.3%
Fear & Greed Index: 29 (Fear)
Altcoin Index: 38/100
👉 Latest News
• US has seized nearly $1 billion in Iranian crypto, Treasury secretary says
• A massive $1.26 billion sale of BlackRock’s IBIT was likely a rapid exit by a large investor
• Samsung Electronics Overtakes Bitcoin in Global Market Cap Ranking
👉 Small Cap Gainers
Portal +196.3%
Solstice +120.8%
PlaysOut +79.4%
Talus Network +38.7%
Gitlawb +37.6%
👉 Recent Funding Rounds
- Replit Strategic round backed by Visa
- Hypernova $3M Pre-Seed round led by Lemniscap
- Coinone $53M Strategic round backed by Coinbase Ventures
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🔮 Biggest Prediction Markets Closing in June
Sports, politics, and macroeconomic events dominate prediction market volume among events closing in June 📊
• 2026 NHL Stanley Cup Champion — $81M
• Peru Presidential Election Winner — $58.64M
• Fed Decision in June — $51.56M
• 2026 Seoul Mayoral Election Winner — $44.34M
• 2026 Men's French Open Winner — $37.91M
👉 https://cryptorank.io/prediction-markets
Sports, politics, and macroeconomic events dominate prediction market volume among events closing in June 📊
• 2026 NHL Stanley Cup Champion — $81M
• Peru Presidential Election Winner — $58.64M
• Fed Decision in June — $51.56M
• 2026 Seoul Mayoral Election Winner — $44.34M
• 2026 Men's French Open Winner — $37.91M
👉 https://cryptorank.io/prediction-markets
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📊 Narrative Overview — May 2026
May was not a broad risk-on month for crypto. Instead, capital continued rotating selectively across individual narratives.
• AI led the market with +31.9% cap-weighted returns and +14.5% median MTD performance.
• DePIN gained +16.5%, though most of the upside was concentrated in a few major projects.
• RWA and Layer 2 remained largely range-bound.
• GameFi posted +8.7%, but the majority of tokens within the sector underperformed.
• Memes ranked second in liquidity with $37.3B in monthly volume, yet delivered negative returns.
• Restaking was the weakest narrative of the month (-7.0%).
👉 Full Recap: https://cryptorank.io/insights/reports/narrative-overview-may-2026
May was not a broad risk-on month for crypto. Instead, capital continued rotating selectively across individual narratives.
• AI led the market with +31.9% cap-weighted returns and +14.5% median MTD performance.
• DePIN gained +16.5%, though most of the upside was concentrated in a few major projects.
• RWA and Layer 2 remained largely range-bound.
• GameFi posted +8.7%, but the majority of tokens within the sector underperformed.
• Memes ranked second in liquidity with $37.3B in monthly volume, yet delivered negative returns.
• Restaking was the weakest narrative of the month (-7.0%).
👉 Full Recap: https://cryptorank.io/insights/reports/narrative-overview-may-2026
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📉 Market Overview
Bitcoin slid to $70,172, marking its lowest level in weeks, as markets absorbed Strategy’s first disclosed BTC sale. Meanwhile, crypto market sentiment has returned to the Extreme Fear zone.
Bitcoin: $70,172 -3.87%
Ethereum: $1,982 +0.01%
Market Cap: $2.50T
BTC Dominance: 56.3%
Fear & Greed Index: 23 (Extreme Fear)
Altcoin Index: 49/100
👉 Latest News
• Mt. Gox Transfers $731 Million in Bitcoin to a New Wallet
• Pavel Durov Announces: Toncoin (TON) Is Changing Its Name
• Crypto funds suffer second-largest outflows of 2026 while XRP and HYPE attract inflows
👉 Small Cap Gainers
BUTTCOIN1 +41.2%
Epic Chain +39.8%
Yei Finance +38.1%
Particle Network +29%
RSK Infrastructure Framework +28.5%
👉 Recent Funding Rounds
- Iren $3.65B Post-IPO Debt round backed by unknown
- Wonderfi $180M M&A round backed by Robinhood
- Replit Strategic round backed by Visa
Bitcoin slid to $70,172, marking its lowest level in weeks, as markets absorbed Strategy’s first disclosed BTC sale. Meanwhile, crypto market sentiment has returned to the Extreme Fear zone.
Bitcoin: $70,172 -3.87%
Ethereum: $1,982 +0.01%
Market Cap: $2.50T
BTC Dominance: 56.3%
Fear & Greed Index: 23 (Extreme Fear)
Altcoin Index: 49/100
👉 Latest News
• Mt. Gox Transfers $731 Million in Bitcoin to a New Wallet
• Pavel Durov Announces: Toncoin (TON) Is Changing Its Name
• Crypto funds suffer second-largest outflows of 2026 while XRP and HYPE attract inflows
👉 Small Cap Gainers
BUTTCOIN1 +41.2%
Epic Chain +39.8%
Yei Finance +38.1%
Particle Network +29%
RSK Infrastructure Framework +28.5%
👉 Recent Funding Rounds
- Iren $3.65B Post-IPO Debt round backed by unknown
- Wonderfi $180M M&A round backed by Robinhood
- Replit Strategic round backed by Visa
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📢 JUST IN: Bitcoin closed May down -3.57%, wiping out all of April’s growth as well as the early-May rally, amid ETF outflows and ongoing geopolitical uncertainty.
👉 https://cryptorank.io/charts/quarterly-returns
👉 https://cryptorank.io/charts/quarterly-returns
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STRATO Community ICO Launches on Uniswap CCA
Users can bid ETH to share 2.5% of STRATO Token Supply
🗓 June 3 – June 9, 2026
👉 https://strato.nexus/auction
Users can bid ETH to share 2.5% of STRATO Token Supply
🗓 June 3 – June 9, 2026
👉 https://strato.nexus/auction
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📈 Crypto Exchange May 2026 Recap
• Spot volume stabilized at $952B, ending a three-month decline.
• Futures volume rebounded to $5.23T (+4.4% MoM), snapping a three-month losing streak.
• Perp DEX volume led the recovery, rising 14.7% to $594B after six months of declines.
• CEX listings fell to 117, the second-lowest monthly level of the past year.
• CEX listing activity peaked one month before Spot, Futures, and Perp DEX volumes, reinforcing its role as a potential leading market indicator.
Dive into the full Crypto Exchange May Recap for detailed volume breakdowns, exchange rankings, and CEX listing trends
👉 https://cryptorank.io/insights/reports/crypto-exchange-may-recap
• Spot volume stabilized at $952B, ending a three-month decline.
• Futures volume rebounded to $5.23T (+4.4% MoM), snapping a three-month losing streak.
• Perp DEX volume led the recovery, rising 14.7% to $594B after six months of declines.
• CEX listings fell to 117, the second-lowest monthly level of the past year.
• CEX listing activity peaked one month before Spot, Futures, and Perp DEX volumes, reinforcing its role as a potential leading market indicator.
Dive into the full Crypto Exchange May Recap for detailed volume breakdowns, exchange rankings, and CEX listing trends
👉 https://cryptorank.io/insights/reports/crypto-exchange-may-recap
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📉 Market Overview
Bitcoin briefly fell below $66,000, triggering nearly $1.83B in liquidations over the past 24 hours. Meanwhile, spot BTC ETF outflows continue, while market sentiment has dropped back into the Extreme Fear zone, reaching levels last seen in April.
Bitcoin: $67,287 -4.11%
Ethereum: $1,879 -5.19%
Market Cap: $2.44T
BTC Dominance: 55.4%
Fear & Greed Index: 11 (Extreme Fear)
Altcoin Index: 49/100
👉 Latest News
• SEC sets digital assets as top priority until 2030
• Mastercard Expands On-Chain Settlement Network for Stablecoins
• Bullish crypto bets lose $1.6 billion as ETH, SOL, DOGE drop 9%
👉 Small Cap Gainers
Backpack +88.5%
Yei Finance +43.1%
aPriori +37.7%
Marvell Technology Tokenized Stock (Ondo) +31.5%
Anoma +28.9%
👉 Recent Funding Rounds
- Helium mobile M&A round backed by Noble Mobile
- Blockfills $3.3M M&A round backed by Keyrock
- Speedlabs $6.5M Seed round led by Parlay Capital
Bitcoin briefly fell below $66,000, triggering nearly $1.83B in liquidations over the past 24 hours. Meanwhile, spot BTC ETF outflows continue, while market sentiment has dropped back into the Extreme Fear zone, reaching levels last seen in April.
Bitcoin: $67,287 -4.11%
Ethereum: $1,879 -5.19%
Market Cap: $2.44T
BTC Dominance: 55.4%
Fear & Greed Index: 11 (Extreme Fear)
Altcoin Index: 49/100
👉 Latest News
• SEC sets digital assets as top priority until 2030
• Mastercard Expands On-Chain Settlement Network for Stablecoins
• Bullish crypto bets lose $1.6 billion as ETH, SOL, DOGE drop 9%
👉 Small Cap Gainers
Backpack +88.5%
Yei Finance +43.1%
aPriori +37.7%
Marvell Technology Tokenized Stock (Ondo) +31.5%
Anoma +28.9%
👉 Recent Funding Rounds
- Helium mobile M&A round backed by Noble Mobile
- Blockfills $3.3M M&A round backed by Keyrock
- Speedlabs $6.5M Seed round led by Parlay Capital
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📉 VC Dominance: Upcoming Unlocks
*The sample includes projects with VC/private unlocks above $1M.
Top by VC Dominance (VC/D):
The largest unlock in the sample is SAHARA — $16.21M with 19.75% VC Dominance.
Most exposure is concentrated in infrastructure, L1/L2, cross-chain, and AI. High VC Dominance indicates elevated supply-side pressure.
👉 https://cryptorank.io/token-unlock/pressure
*The sample includes projects with VC/private unlocks above $1M.
Top by VC Dominance (VC/D):
ZRO — VC unlock $15.04M — 32.2% VC/D
ES — VC unlock $15.18M — 31.0% VC/D
ID — VC unlock $1.09M — 28.0% VC/D
EIGEN — VC unlock $4.28M — 27.45% VC/D
XION — VC unlock $1.77M — 26.8% VC/D
The largest unlock in the sample is SAHARA — $16.21M with 19.75% VC Dominance.
Most exposure is concentrated in infrastructure, L1/L2, cross-chain, and AI. High VC Dominance indicates elevated supply-side pressure.
👉 https://cryptorank.io/token-unlock/pressure
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📈 Transaction Count Growth Across Major Blockchains (30D)
🥇TON +60.7%
🥈Sui +34.8%
🥉Base +25.8%
One possible driver behind TON's growth is the network's fee reduction introduced in early May, which lowered transaction costs by nearly 6x.
Sui's increase may have been supported by the launch of gas-free stablecoin transfers, which rolled out on mainnet on May 21, 2026.
👉CryptoRank.io/ecosystems
🥇TON +60.7%
🥈Sui +34.8%
🥉Base +25.8%
One possible driver behind TON's growth is the network's fee reduction introduced in early May, which lowered transaction costs by nearly 6x.
Sui's increase may have been supported by the launch of gas-free stablecoin transfers, which rolled out on mainnet on May 21, 2026.
👉CryptoRank.io/ecosystems
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📉 CEX Listing Activity Down 69.6% From Sep ’25 Peak
CEX listing activity fell to 117 new listings in May — the second-lowest monthly level over the past year after February.
🔍Together, MEXC, KuCoin, and Gate represented over 70% of all new CEX listings in May, highlighting the growing concentration of listing activity across a small group of exchanges.
👉 More charts and analysis are available in the Crypto Exchange May Recap: https://cryptorank.io/insights/reports/crypto-exchange-may-recap
CEX listing activity fell to 117 new listings in May — the second-lowest monthly level over the past year after February.
🔍Together, MEXC, KuCoin, and Gate represented over 70% of all new CEX listings in May, highlighting the growing concentration of listing activity across a small group of exchanges.
👉 More charts and analysis are available in the Crypto Exchange May Recap: https://cryptorank.io/insights/reports/crypto-exchange-may-recap
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📉 Market Overview
Bitcoin briefly dipped below $62K before recovering to $64,225, while continued ETF outflows kept pressure on the market. U.S. spot Bitcoin ETFs saw nearly $1B in net withdrawals this week, extending a record outflow streak.
Bitcoin: $64,225 -4.60%
Ethereum: $1,795 -4.52%
Market Cap: $2.34T
BTC Dominance: 54.9%
Fear & Greed Index: 12 (Extreme Fear)
Altcoin Index: 54/100
👉 Latest News
• US Bitcoin Spot ETFs Extend Outflow Streak to 13 Consecutive Days
• SpaceX targets record $75 billion IPO as bitcoin treasury and liquidity risks draw focus
• Crypto firms face July 1 EU cutoff as MiCA grace period ends
👉 Small Cap Gainers
Opinion +67.5%
Bifrost +56.7%
Magma Finance +47.1%
Epic Chain +33.5%
iota +23.4%
👉 Recent Funding Rounds
- Paypercut $5.8M Seed round led by Concentric
- Redefind M&A round backed by WTW
- Amberdata M&A round backed by Kaiko
Bitcoin briefly dipped below $62K before recovering to $64,225, while continued ETF outflows kept pressure on the market. U.S. spot Bitcoin ETFs saw nearly $1B in net withdrawals this week, extending a record outflow streak.
Bitcoin: $64,225 -4.60%
Ethereum: $1,795 -4.52%
Market Cap: $2.34T
BTC Dominance: 54.9%
Fear & Greed Index: 12 (Extreme Fear)
Altcoin Index: 54/100
👉 Latest News
• US Bitcoin Spot ETFs Extend Outflow Streak to 13 Consecutive Days
• SpaceX targets record $75 billion IPO as bitcoin treasury and liquidity risks draw focus
• Crypto firms face July 1 EU cutoff as MiCA grace period ends
👉 Small Cap Gainers
Opinion +67.5%
Bifrost +56.7%
Magma Finance +47.1%
Epic Chain +33.5%
iota +23.4%
👉 Recent Funding Rounds
- Paypercut $5.8M Seed round led by Concentric
- Redefind M&A round backed by WTW
- Amberdata M&A round backed by Kaiko
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💰Trading Airdrops Watchlist
Trade before token launches, accumulate points, and position yourself for potential future airdrops.
We've prepared full activity guides: 👇
• Variational
• GRVT
• D3
• Ekiden
• Shift
• RISEx (invite codes available in the guide, FCFS basis)
👉 CryptoRank.io/drophunting/
Trade before token launches, accumulate points, and position yourself for potential future airdrops.
We've prepared full activity guides: 👇
• Variational
• GRVT
• D3
• Ekiden
• Shift
• RISEx (invite codes available in the guide, FCFS basis)
👉 CryptoRank.io/drophunting/
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Top Chains by DEX Volume in May
Tracked DEX volume reached $178.0B in May.
Solana led the market with $43.9B, followed by Ethereum with $36.4B, Base with $29.2B, and BNB Chain with $23.0B.
DEX liquidity remains highly concentrated. The top 4 chains captured 74.4% of total volume, while the top 10 accounted for 90.8%.
DEX volume is one of the strongest signals of real on-chain activity. Funding and narratives matter, but volume shows where users and liquidity are actually moving.
👉https://cryptorank.io/exchanges/dex/spot?sort=volume_30d&direction=desc
Tracked DEX volume reached $178.0B in May.
Solana led the market with $43.9B, followed by Ethereum with $36.4B, Base with $29.2B, and BNB Chain with $23.0B.
DEX liquidity remains highly concentrated. The top 4 chains captured 74.4% of total volume, while the top 10 accounted for 90.8%.
DEX volume is one of the strongest signals of real on-chain activity. Funding and narratives matter, but volume shows where users and liquidity are actually moving.
👉https://cryptorank.io/exchanges/dex/spot?sort=volume_30d&direction=desc
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