In September, trading volumes across major cryptocurrency exchanges hit record levels, indicating a resurgence of investor interest. Ethereum attracted substantial funds, while Bitcoin temporarily faded into the background.
Centralized Exchanges Regain Momentum
Trading volumes on the Binance platform reached over $737 billion, marking the best figure in seven months. This surpasses July's figures by over $30 billion. The battle for second place was closely contested, with Bybit and Bitget reporting volumes of $126.5 billion and $126.1 billion respectively.
Ethereum in the Spotlight for Institutional Investors
Significant institutional flows have been observed regarding Ethereum. U.S. spot ETFs linked to the token attracted nearly $4 billion in September, contrasting sharply with Bitcoin funds, which saw outflows of over $750 million. This indicates a shift in institutional investor preferences ahead of Ethereum's next growth phase.
Decentralized Platforms Also Experience Growth
Not only centralized platforms benefited from the increase in trading volumes. Decentralized protocols handled nearly $369 billion, the highest reading since January. Uniswap led the field with $143 billion in activity, followed by PancakeSwap with $58.7 billion.
The synchronized rise in both centralized and decentralized venues suggests that September marked more than just a seasonal bump. With large-scale flows into Ethereum and exchanges regaining momentum, the year may close actively.
