Genius Terminal, a decentralized exchange, recorded weekly trading volume over $2.2 billion on Saturday. The increase follows an investment by YZi Labs and the appointment of Changpeng Zhao as an advisor, which appear to have drawn high-value traders to the platform.
Dune Analytics data shows the surge in performance occurred mainly between January 12 and January 17. The execution environment provided by this platform, which has a focus on privacy, allowed large trades on both Solana and EVM networks.
This surge in activity reflects a shift in the trading environment on a decentralized platform. Professional trading terminals have now challenged traditional centralized exchanges with their own version of self-custody and discretion on an institutional level.
You need to login in order to Like
Leave a comment