Data compiled by The Block shows that Web traffic to cryptocurrency exchanges experienced the second greatest drop in volume since the beginning of this year.
May had been the record high for web traffic to crypto exchanges, with a huge surge in interest in April.
But as The Block’s research analyst Lars Hoffman first noted on Twitter, web traffic fell from 638.2 million in May to 369.1 million visits in June — a 42.2% decrease in traffic volume compared to the previous month, according to data gleaned from SimilarWeb.
That’s nearly as big of a decline as between January and February of this year, which saw a 45.3% decrease in web traffic.
Binance had the largest share of web traffic at 40.7%, followed by Coinbase with 19.2% and Indodax, an Indonesian crypto exchange, held 3.6%.