Liquidity, as measured by trade volume and market depth, appears to be heavily concentrated on just a handful of platforms, according to Kaiko data.
The chart of the day is brought to you by crypto dot com. The world's fastest growing crypto app. Let's take a look at the chart of the day liquidity as measured by trade volume and market depth seems to be heavily concentrated on just a handful of exchanges. That's according to data. This chart shows so far this year, the top exchange finance has accounted for around 31% of global market depth and around 64% of global trade volume. The top eight largest platforms account for a whopping 91.7% of depth and 89.5% of volume. Meanwhile, liquidity in the al coin market is increasingly concentrated on offshore exchanges. When comparing al coin market depth on us exchanges versus offshore data shows the concentration on offshore exchanges has increased from 65 to 71% since last year and within us available exchanges, alt coin market depth is heavily concentrated on just three platforms, coin based cracking and bit stamp. When it comes to liquidity on centralized exchanges. It's clear there's more work ahead on the path to decentralization. That's a wrap for today's chart of the day. I'm Jenna. We will see you next time to unpack more of the data behind top news stories.