The earth had turned over itself a thousand times since 2020, and with every turn, the whispers of the crypto market had grown louder. Now, a staggering truth unfolded โ the daily trading volume across the 15 largest cryptocurrency exchanges had swelled a colossal 425x. Ah, numbers like these, enough to make an old prospector drop his pickaxe and mutter, โAinโt that something?โ
Cryptos: Bigger, Wilder, and Unstoppable ๐
Way back in 2020, when folks were busy hoarding toilet paper and sourdough starters, the crypto world was quietly planting seeds. Today, those seeds had grown into towering redwoods! By late 2024, trading volumes hit a jaw-dropping $320 billion, and no, thatโs not the price of San Francisco real estate โ yet.
โInternet capital markets’ daily trading volume grew 425x in the last 5 years.โ
โ Ki Young Ju (@ki_young_ju) February 12, 2025
Futures trading came like a storm, sweeping through the markets since late Q1, 2021. Back in Q1, 2020, trading volumes dared not even flirt with the $1 billion mark. Oh, how the mighty have risen! Those spikes we saw? They werenโt earthquakes; they were Bitcoin ETF approvals shaking the ground โ or maybe just the coffee spilled by frantic traders.
And remember when Bitcoin was trying to scratch the $10,000 ceiling? A mere 9-10x ago, the largest cryptocurrency was barely crawling. Now? Itโs flying, wings spread and fire in the tail like an angry dragon. ๐๐ฅ
DeFi Boom: From Dust to Dazzle ๐
Oh, the days of yore, when DeFi was still a toddler learning to walk. February 2020 saw DeFiโs total value locked (TVL) peek over $1 billion for the first time. And then March 13, 2020, came crashing in like an uninvited relative at Thanksgiving, with the infamous 2020 Crypto Black Friday collapse. ๐ฌ
Fast forward to today, and DeFi TVL now sits on a gold-plated throne at over $150 billion, brushing the critics aside like an old cowboy dusting off his hat. Ethereum, despite being called everything from slow to expensive, still reigns supreme in the DeFi empire. Bow down, skeptics! ๐โโ๏ธ๐
Meanwhile, the aggregated crypto cap puffed its chest to an exorbitant $3.15 trillion, all the way from its humble $240 billion days. But donโt let the numbers fool you; the crypto world isnโt just yachts and moonshots. With over 10 million crypto assets now tracked, itโs starting to feel like your neighborhood garage sales turned into an international bazaar. ๐๏ธ
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2025-02-12 19:22