10x Research: Cryptocurrency Market Trading Volume Hits Lowest Since 2022

According to a report by Jinse Finance, on March 30, research institution 10x Research posted on the X platform that cryptocurrency market trading volume has hit its lowest level since 2022. Currently, the total market capitalization of the crypto market stands at $2.3 trillion, down 1.7% from last week, with an average weekly trading volume of $90 billion, a 7% decline from the average. Among them, Bitcoin's weekly trading volume is $38.2 billion, 5% below the average; Ethereum's weekly trading volume is $18.3 billion, 18% below the average. Ethereum network fees (0.12 Gwei) are at 17% of the average level, indicating low network usage. Additionally, Bitcoin funding rates rose 4.1% this week to 1.5%, reaching 13% of the past 12 months' average level, with futures open interest increasing by $1 billion to $21.5 billion. Ethereum funding rates rose 3.7% this week to 2.8%, reaching 12% of the past 12 months' average level, with futures open interest increasing by $1 billion to $11.8 billion.