TechFlow news, DWF Labs Managing Partner Andrei Grachev recently tweeted that 24-hour spot trading volume has dropped to $23 billion, the lowest level since winter 2019.
He noted that exchanges have started imposing requirements on projects regarding trading volume and liquidity, or they will be delisted. Retail activity remains relatively low, yet those who wish to speculate, make profits, or incur losses still need certain assets to meet their demands. Even large-cap cryptocurrencies can experience 20-30% price fluctuations within 24 hours.
In addition, IDOs, IEOs, and direct listings are no longer popular. Many are now waiting for something new to emerge, including Binance Launchpad projects, which consistently boost retail participation. If a project succeeds, many others will attempt to replicate it.
Grachev explained, "Projects, exchanges, market makers, and other market participants are working behind the scenes to repair the market. While there's no 100% solution, these efforts will undoubtedly bring some benefits to the market. We're currently in a trough of market activity, but the future price direction remains uncertain. Within months, our market activity could increase and drive prices upward—it also depends on how lucky we are."
