CryptoQuant said in its September special report, "Volume Comeback," that Gate posted strong spot trading performance in August. On Aug. 21, Gate’s daily spot trading volume reached about $5.1 billion, ranking third among major global exchanges. As of Aug. 25, the exchange’s 30-day spot trading volume had risen 667%, the highest increase among major trading platforms and well ahead of other leading venues. At the broader market level, total daily spot volume across the crypto sector climbed to roughly $75 billion on Aug. 21, marking the second-highest reading since February this year. CryptoQuant said the rebound in trading volume occurred alongside rising prices, pointing to a broader recovery in market participation and spot buying demand. The report also highlighted that Gate led the industry in spot volume growth while also moving into the top three by daily spot trading volume.
According to Odaily, CryptoQuant said in its September special report, "Volume Comeback," that Gate showed strong spot trading performance in August.
The report said Gate’s daily spot trading volume reached about $5.1 billion on Aug. 21, placing it third among major global exchanges.
As of Aug. 25, Gate’s 30-day spot trading volume had increased 667%, the highest growth rate among major trading platforms, and the exchange was well ahead of other leading venues.
Across the broader market, total daily spot trading volume rose to about $75 billion on Aug. 21, the second-highest level since February this year.
CryptoQuant said the latest rebound in trading volume coincided with rising prices, reflecting a recovery in overall market participation and spot buying demand. The report added that Gate ranked first in industrywide spot volume growth while its daily spot volume also moved into the top three.
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