Cronos DEX Volume Is Up 83.76% In 7 Days

Cronos (CRO) posted the biggest weekly gain among top 15 while Ethereum fell 1% over the period and BSC lost 17.69%.

According to DeFiLlama, Cronos became the fastest-growing chain for the week in terms of volume decentralized exchanges (DEX).

Review Of Weekly Volume In DEX

Sui saw an increase of 28.46%, making it the second-largest gainer in this index. The weekly volume in the chain amounted to $801.25 million.

Optimism secured the third position after Cronos in terms of growth, with a rise of 21.31%. The 7-day volume surged to $870.35 million.

Volume in DEXs in different chains. Source: DeFiLlama

Volume in DEXs in different chains. Source: DeFiLlama

It’s worth noting the anti-leaders in this ranking, with the Polygon blockchain experiencing the most significant drop in volume over the week among the top 15, declining by 28.27%. This decline could be attributed to the decreasing volume of non-fungible tokens (NFTs) on this chain.

According to data from NFTpulse, Polygon’s NFTs saw a modest increase of 3% during the week, while Ethereum and Bitcoin witnessed more substantial rises of 59% and 18%, respectively.

Change in NFT volume in different chains. Source: NFTpulse

Change in NFT volume in different chains. Source: NFTpulse

Following Osmosis, Osmosis ranks second among the anti-leaders, with a decline of 23.09%. As mentioned, Osmosis is the leading decentralized exchange for Celestia trading (TIA).

Binance Smart Chain (BSC) takes the third spot regarding volume decline on DEXs, with a decrease of 17.69%.

Why Is Cronos Growing?

Volume growth in decentralized exchanges typically indicates increased trader activity, often correlating with a price rise.

Examining the Cronos price chart, we observe that the coin’s value surged to $0.136563 on May 1 before sharply declining to $0.121076.

On May 6, the price of Cronos rebounded to $0.135544. Consequently, the growth from the low of $0.121076 will amount to 11.95%.

Cronos price chart. Source: CoinGecko

Cronos price chart. Source: CoinGecko

According to GeckoTerminal data, Wrapped CRO (WCRO) is leading in volume trading pairs with Crow with Knife (CAW) in decentralized Cronos pools despite experiencing a 12.43% drop in 24 hours.

In second place is WCRO, paired with stablecoins USDC, with a daily drop of 1.34%. However, it’s noteworthy that the Crononymous token ranks fourth in volume.

According to GeckoTerminal data, CRONON’s volume surged by an impressive 1,178.4% in 24 hours in a trading pair with WCRO.

Top Cronos pools in DEXs by volume. Source: GeckoTerminal

Top Cronos pools in DEXs by volume. Source: GeckoTerminal
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