2026-01-09 07:21:10

Recent data shows that trading activity on mainstream platforms in December has significantly cooled down. In spot trading, there was a 35% decline compared to November, with HTX (down 16.48%), Bybit (down 16.67%), and Bitget (down 16.98%) performing relatively better. In contrast, some leading platforms, Kucoin, and an Asian platform all experienced declines exceeding 39%, with one leading platform dropping by 40.85%.

The situation is similar for perpetual contracts. Overall contract trading volume decreased by 26%, with Bybit, Crypto.com, and Kucoin hit hardest, each dropping over 29%. On-chain DEX perpetual contract trading volume also declined by 30% month-over-month, along with a 20% drop in website visits.

This wave of adjustments essentially reflects the overall market downturn in December. Whether in centralized or decentralized trading scenarios, investor trading enthusiasm has noticeably cooled off.

HTX-0,74%

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GasWaster

· 01-11 18:08

The December decline was really intense, with contracts directly halving in value. HTX has been relatively resilient, while other platforms are basically collapsing across the board. Winter has arrived, everyone.

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FreeMinter

· 01-10 07:01

The market in December is so cold, everyone is staying at home, no wonder trading volume has plummeted.

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AirdropHunterKing

· 01-09 07:51

It's fucking cold. In December, after this wave, I looked at my wallet and felt like I hadn't interacted at all; all the gas fees were wasted. The HTX team is still holding the decline, they really have some skills. The trading volume has decreased, but have you noticed? This is actually the golden period for yield farming. Less interaction makes it easier to cash out. A few days ago, in this cold market, I repeatedly checked addresses and managed to snag some project qualifications for free. Clever move. I really didn't expect those platforms to drop more than 40%. It seems that even the top players are not invincible.

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MEVHunter

· 01-09 07:25

Huh? HTX only dropped 16.48%, isn't that the arbitrage opportunity in the mempool? It really makes me salivate. Spot prices crashed 35% and futures also fell 26%. This rhythm... Is the flash loan opportunity coming? On-chain DEX traffic dropped 20%, but gas fees haven't decreased. Damn gas wars. Leading platforms fell 40.85%, indicating retail investors are really starting to cut losses. At this point, it's actually a good time to look for Chainlink data mining opportunities. Market cooling down? No, this is the MEV bot's moment of celebration, everyone.

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