09-28-2021, 12:18 PM
After the 1000th China's crypto "ban" decentralised exchanges are booming. Looks lik
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/pwkwmf/after_the_1000th_chinas_crypto_ban_decentralised/"> <img src="https://a.thumbs.redditmedia.com/XoknEcKbMccLObToMpDn9sXwJlnT1UMIGCfzXCDvYh8.jpg" alt="After the 1000th China's crypto "ban" decentralised exchanges are booming. Looks like perhaps Chinese traders are showing a middle finger to new regulations?" title="After the 1000th China's crypto "ban" decentralised exchanges are booming. Looks like perhaps Chinese traders are showing a middle finger to new regulations?" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>After the 1000th China's crypto "ban" decentralised exchanges are booming. I can't tell for sure where all the trading volume is coming from but I think it's safe to assume that a lot of those users are from China. Perhaps someone with full access to Glassnode can provide some on-chain data to confirm it? But I don't think it's a coincidence that this happened after the "ban". It's been on a rise for the last couple of days not just today. </p> <p>In the last 24h dYdX have seen a +175% increase in trading volume:</p> <p><a href="https://preview.redd.it/imoyz0yjo2q71.png?width=1766&format=png&auto=webp&s=b79823f4e2723a846e8363a29c40c39660772595">https://preview.redd.it/imoyz0yjo2q71.png?width=1766&format=png&auto=webp&s=b79823f4e2723a846e8363a29c40c39660772595</a></p> <p>1inch is up +281% in daily trading volume:</p> <p><a href="https://preview.redd.it/dslw9juso2q71.png?width=1833&format=png&auto=webp&s=7d3a52482e255a84f9cba80d2e5dcdc96803bae3">https://preview.redd.it/dslw9juso2q71.png?width=1833&format=png&auto=webp&s=7d3a52482e255a84f9cba80d2e5dcdc96803bae3</a></p> <p>BabySwap (never heard of them) +257%</p> <p><a href="https://preview.redd.it/kea5sfkvo2q71.png?width=1828&format=png&auto=webp&s=a61fd3fab1e493cd780b6a86e6be337d298c8c8a">https://preview.redd.it/kea5sfkvo2q71.png?width=1828&format=png&auto=webp&s=a61fd3fab1e493cd780b6a86e6be337d298c8c8a</a></p> <p>And some data from yesterday's screenshot I took:</p> <p>Uniswap +27%</p> <p>PancakeSwap +41%</p> <p>SushiSwap +60%</p> <p><a href="https://preview.redd.it/8jawdmq3p2q71.png?width=456&format=png&auto=webp&s=672794595aa93948eec3e75b31f4d2ffdf7501fc">https://preview.redd.it/8jawdmq3p2q71.png?width=456&format=png&auto=webp&s=672794595aa93948eec3e75b31f4d2ffdf7501fc</a></p> <p><a href="https://preview.redd.it/yuqnt5iip2q71.png?width=445&format=png&auto=webp&s=7b5c27a6ce88dc0c7531c2e2156beaf199b86841">https://preview.redd.it/yuqnt5iip2q71.png?width=445&format=png&auto=webp&s=7b5c27a6ce88dc0c7531c2e2156beaf199b86841</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/rootpl"> /u/rootpl </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pwkwmf/after_the_1000th_chinas_crypto_ban_decentralised/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pwkwmf/after_the_1000th_chinas_crypto_ban_decentralised/">[comments]</a></span> </td></tr></table>Kind Regards R
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/pwkwmf/after_the_1000th_chinas_crypto_ban_decentralised/"> <img src="https://a.thumbs.redditmedia.com/XoknEcKbMccLObToMpDn9sXwJlnT1UMIGCfzXCDvYh8.jpg" alt="After the 1000th China's crypto "ban" decentralised exchanges are booming. Looks like perhaps Chinese traders are showing a middle finger to new regulations?" title="After the 1000th China's crypto "ban" decentralised exchanges are booming. Looks like perhaps Chinese traders are showing a middle finger to new regulations?" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>After the 1000th China's crypto "ban" decentralised exchanges are booming. I can't tell for sure where all the trading volume is coming from but I think it's safe to assume that a lot of those users are from China. Perhaps someone with full access to Glassnode can provide some on-chain data to confirm it? But I don't think it's a coincidence that this happened after the "ban". It's been on a rise for the last couple of days not just today. </p> <p>In the last 24h dYdX have seen a +175% increase in trading volume:</p> <p><a href="https://preview.redd.it/imoyz0yjo2q71.png?width=1766&format=png&auto=webp&s=b79823f4e2723a846e8363a29c40c39660772595">https://preview.redd.it/imoyz0yjo2q71.png?width=1766&format=png&auto=webp&s=b79823f4e2723a846e8363a29c40c39660772595</a></p> <p>1inch is up +281% in daily trading volume:</p> <p><a href="https://preview.redd.it/dslw9juso2q71.png?width=1833&format=png&auto=webp&s=7d3a52482e255a84f9cba80d2e5dcdc96803bae3">https://preview.redd.it/dslw9juso2q71.png?width=1833&format=png&auto=webp&s=7d3a52482e255a84f9cba80d2e5dcdc96803bae3</a></p> <p>BabySwap (never heard of them) +257%</p> <p><a href="https://preview.redd.it/kea5sfkvo2q71.png?width=1828&format=png&auto=webp&s=a61fd3fab1e493cd780b6a86e6be337d298c8c8a">https://preview.redd.it/kea5sfkvo2q71.png?width=1828&format=png&auto=webp&s=a61fd3fab1e493cd780b6a86e6be337d298c8c8a</a></p> <p>And some data from yesterday's screenshot I took:</p> <p>Uniswap +27%</p> <p>PancakeSwap +41%</p> <p>SushiSwap +60%</p> <p><a href="https://preview.redd.it/8jawdmq3p2q71.png?width=456&format=png&auto=webp&s=672794595aa93948eec3e75b31f4d2ffdf7501fc">https://preview.redd.it/8jawdmq3p2q71.png?width=456&format=png&auto=webp&s=672794595aa93948eec3e75b31f4d2ffdf7501fc</a></p> <p><a href="https://preview.redd.it/yuqnt5iip2q71.png?width=445&format=png&auto=webp&s=7b5c27a6ce88dc0c7531c2e2156beaf199b86841">https://preview.redd.it/yuqnt5iip2q71.png?width=445&format=png&auto=webp&s=7b5c27a6ce88dc0c7531c2e2156beaf199b86841</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/rootpl"> /u/rootpl </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pwkwmf/after_the_1000th_chinas_crypto_ban_decentralised/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pwkwmf/after_the_1000th_chinas_crypto_ban_decentralised/">[comments]</a></span> </td></tr></table>Kind Regards R