Volume is so sparse nowadays I legit hate holding anything but fartcoin… I just can’t make myself comfortable with anything else..
Fartcoin itself accounts for 25% of on chain volume but what’s more telling of current market conditions is the one at the bottom labeled “Others” at 40%. This means the top 10 projects account for 60% of the volume on chain and the last 40% is divided between the millions of tokens trying to survive.
Back in April that number “Others” was 60%-70% on average then dropped to 50%-60% from mid May till June then this month(July) it dropped further to roughly 40%-50% on average.
Kind of looks like we might actually see 30% in August but time will tell 🤷♂️
@Psyops100 Why doesn’t useless show in the top 10 for volume at $30m @birdeye_so ?
These numbers aren’t correct unless some tokens that should be at the top are being put into others which would be even crazier lol
25.69K
30
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