Q2 2023 Outlook Report

CCData's quarterly Outlook Report provides readers with a comprehensive, data-driven analysis of the digital asset landscape. This report reflects on the key events of the previous quarter while casting an eye towards the future, pinpointing emerging trends and potential developments in the coming months and beyond.

  • April 14, 2023

Key findings:

  • During the first quarter of 2023, the turbulence and loss of confidence in the crypto market have impacted trading volumes, leading to a slowdown in the growth of centralized exchanges.
  • Monthly volumes averaged $932 billion, a 16.8% decline from the 2022 monthly average of $1.12 trillion. Despite the overall decline, when comparing Q1 2023 to Q4 2022, centralised exchange volumes increased by 23.2%, from $7.57bn to $9.33bn.
  • When comparing the liquidity of ETH on Uniswap V3, the largest decentralized exchange, to Binance and Coinbase, we found that Uniswap V3's liquidity has grown substantially, registering an impressive 208% increase. In contrast, Coinbase and Binance have recorded declines of -6.35% and -13.4%, respectively.
Download report
Thank you! Click the button to download the report.
Download
Oops! Something went wrong while submitting the form.

Q2 2023 Outlook Report

CCData's quarterly Outlook Report provides readers with a comprehensive, data-driven analysis of the digital asset landscape. This report reflects on the key events of the previous quarter while casting an eye towards the future, pinpointing emerging trends and potential developments in the coming months and beyond.

  • April 14, 2023

Report Summary

Key findings:

  • During the first quarter of 2023, the turbulence and loss of confidence in the crypto market have impacted trading volumes, leading to a slowdown in the growth of centralized exchanges.
  • Monthly volumes averaged $932 billion, a 16.8% decline from the 2022 monthly average of $1.12 trillion. Despite the overall decline, when comparing Q1 2023 to Q4 2022, centralised exchange volumes increased by 23.2%, from $7.57bn to $9.33bn.
  • When comparing the liquidity of ETH on Uniswap V3, the largest decentralized exchange, to Binance and Coinbase, we found that Uniswap V3's liquidity has grown substantially, registering an impressive 208% increase. In contrast, Coinbase and Binance have recorded declines of -6.35% and -13.4%, respectively.
Download report

More Featured Reports

Exchange Review
CCData's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.
  • April 4, 2024
  • Exchange Review
Read more
Stablecoins & CBDCs Report
The latest Stablecoin insights from CCData's award-winning research team, featuring trading volumes, peg deviations and more.
  • March 20, 2024
  • Stablecoins Report
Read more
Exchange Review
CCData's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.
  • March 8, 2024
  • Exchange Review
Read more
Digital Asset Management Review
CCData’s Digital Asset Management Review provides an overview of the global digital asset investment product landscape. Our review focuses on key developments across various product types and tracks the adoption of these products by analysing assets under management, trading volumes, price performance and more.
  • March 4, 2024
  • DAMR
Read more

Stay Up To Date

Get our latest research, reports and event news delivered straight to your inbox.

By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. View our Privacy Policy for more information.
Preferences
DenyAccept