Tag: CEX.IO

Ethereum’s mainnet is reclaiming its dominance in decentralized finance (DeFi), fueled by a resurgence in bot-driven trading and a spike in stablecoin activity. According to a June 4 report by crypto trading platform CEX.io, Ethereum’s layer-1 network processed 4.84 million stablecoin transactions in May, automated mainly through trading bots. The ...

Automated trading bots accounted for 70% of stablecoin transaction volume in 2024, according to a recent survey by crypto exchange CEX.IO. The survey, which analyzed blockchain activity across Ethereum, Base, and Solana, highlighted the increasing role of bots in stablecoin markets. CEX.IO noted that 77% of total stablecoin transaction volume ...