Halfway through May, firecoin exchange inflow data exploded in spurts

The inflow data of major coins on the FireCoin exchange has exploded in a spurt, and FireCoin has become one of the main beneficiaries in this round of market.

Halfway through May, firecoin exchange inflow data exploded in spurts

Last year, the concept of DeFi exploded and decentralized exchanges became a big hit, which even led to the so-called “CeFi must die” call, to which, of course, the big firms will not sit idly by and launch their own DeFi-related businesses on the one hand, and on the other hand, the big firms also continue to improve their services and provide more financial services to seize the core traffic.

With the bull market going white hot in the first quarter, the traditional big firms have more trading varieties, lower transaction costs and more trading depth, which also allows them to absorb the biggest traffic in the bull market.

The HT, as the only underlying pass of the HECO ecological chain, has opened up a new value usage scenario of “locked pledge” and “Gas fee”. “The node campaign currently underway is a substantial long-term benefit. At the same time, along with the restart of Firecoin Prime, nearly 100 times of the first issue of the new one made the users holding HT cry out for joy, and HT also showed investors’ renewed bullishness with the steady start of the price, at present, the multi-point flowering and favorable Firecoin can be said to be the most prosperous moment in the past six months.

So, how did Firecoin perform in the first half of the past month? From our statistical analysis of the overall data for the first half of May, HT showed a very obvious trend of continuous rise, and the inflow data of major coins of Firecoin also showed a blowout explosion, and Firecoin has become one of the main beneficiaries in this round of market.

Here, we might as well focus on the actual flow of BTC, ETH and USDT on the Firecoin exchange in the first half of the lively May from specific data.

From May 1 to May 15 data, excluding the natural pattern of traffic decline on weekends, the BTC inflow of the FireCoin exchange is steadily increasing.

In fact, on May 6th, the overall BTC coins on Firecoin showed a net inflow of 42,633.33 coins, which shows that the coin price is rising and the amount of transactions on the chain is increasing.

From May 1 to May 15, the number of ETH inflows to Firecoin also grew significantly, with a total inflow of 2781646.66 ETH, showing a gradual upward trend, with a peak of nearly 600,000 on a single day on May 11.

Let’s take a look at the asset inflow of Firecoin USDT. From May 1 to May 15, the overall USDT of Firecoin showed a net inflow pattern, with a total USDT inflow of 33296812729.84 and a total USDT outflow of 32421425689.27, the net inflow reached 875387040.57U.

Note that along with the massive inflow of major coins such as BTC, ETH and USDT, the price of HT, the platform coin of Firecoin, also showed a continuous upward performance, which on the one hand shows the market’s tendency to choose in a big market, and on the other hand also shows that the market heat brought by Firecoin’s recent accelerated up-coming and continuous hitting of new coins has brought a positive impact on its own development, and we hope to keep this momentum.

Take another look at USDT, ERC20, TRC20 and OMNI data of USDT on the three chains respectively.

Obviously, ERC20 USDT and TRC20 USDT have become mainstream, and OMNI USDT continues to decay and exit the stage of history seems to be the general trend. At the same time, we can note that the flow of TRC20 USDT is significantly stronger than ERC20 USDT, for no other reason than the fact that in a phase of huge market volume and frequent on-chain transactions, the TRC20 USDT, which has a much cheaper fee, shows a clear cost advantage, especially in small and medium-sized on-chain transfers that have become the first choice of investors.

In the past 519, mainstream virtual coins showed a collective dive in the tragic scenes, Defi also appeared in the extreme market in terms of serial explosions many problems, the mainstream exchange in the relevant market also faced the test of the sudden increase in service pressure, but the overall point of view, regardless of the ups and downs, trading in the big house is still the first choice of investors, from the performance of the Firecoin in this round of extreme market overall withstood the test, there is no other trading platform serious lag situation, worthy of praise.

We will also continue to pay attention to the recent volatile market and analyze the respective performance of the exchanges based on more big data.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/halfway-through-may-firecoin-exchange-inflow-data-exploded-in-spurts/
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