山寨季指數

This report draws on CoinDesk data’s proprietary market data infrastructure to deliver a comprehensive deep dive into exchange-level activity, offering high-resolution insights into volumes, market share, and asset-specific trading trends. The content below is edited from the full report here. At a Glance: The Bitget Performance Benchmark ● $11.5 trillion in derivatives volume handled since late 2023● #1 global liquidity for ETH & SOL spot markets● Top 3 global ranking for execution quality● Institutional AUM doubled in H1 2025 1. Executive Summary Bitget has cemented our standing as a top-tier global exchange, shaped by derivatives-first market architecture, high-performing liquidity provisions, and rising institutional flow. Drawing on over 20 months of granular volume, market share, and liquidity data, this report benchmarks Bitget’s growth trajectory and competitive positioning using CoinDesk Data’s proprietary analytics infrastructure. In H1 2025, Bitget averaged $750B in total monthly volume, with derivatives accounting for nearly 90% of activity, underscoring leverage-native user base. Notably, Bitget ranked in the top four globally for derivatives volume, achieving a 15.1% market share in late 2024 and maintaining a 12.4% average share through H1 2025. Bitget's cumulative derivatives volume since November 2023 totalled $11.5T, placing us among the industry's most active venues. While spot activity remains secondary, Bitget has built strategic momentum. Bitget Onchain product launch in April 2025 helped drive a 32% month-on-month surge in spot volumes, peaking at $102.8B in May and lifting overall market share to 5.2%. The platform’s native token, BGB, ranked as the third-most traded spot asset, with BTC, ETH, and BGB collectively accounting for 44% of H1 spot volumes. Volume distribution across sectors affirms Bitget’s altcoin strength. Layer-1s, memecoins, and CEX-native tokens made up over 75% of spot activity, with BGB alone rivaling entire market sectors in turnover. Meanwhile, newly listed tokens like PI reached breakout status, with $8.6B in H1 volume despite a late Q1 listing. Bitget’s liquidity performance was industry-leading in several key markets. During April-June 2025, the exchange ranked #1 in aggregated ETH and SOL spot depth within 1% of the mid-price, and #2 in BTC, ahead of major regional and global competitors. For institutional execution, Bitget’s average BTC-USDT spot slippage was just 0.0074% for a $100K trade, placing it among the top three exchanges for execution quality. Institutional flow continues to reshape the platform. In H1 2025, institutions accounted for 80% of spot volume and 50% of derivatives, with AUM doubling year-to-date. These shifts coincide with product upgrades, including a new Liquidity Incentive Program, institutional lending, and a unified margin system set to launch in Q3. 2. Volume Insights The story of Bitget's growth is written in trading volume. Bitget’s trading activity has expanded significantly, with total volumes exceeding $500B in 8 of the last 10 months. Volumes culminated in a record $1.19T in December 2024—a 5.3x increase from November 2023. Two distinct volume cycles emerged during this period: ● Q1 2024: Bitget's combined volumes surged 2.3x to $867B, driven by altcoin and memecoin activity. Derivatives represented 90.8% of this volume. ● Q4 2024: Combined volumes exceeded $2.3T across November and December, with derivatives alone crossing the $1T mark in both months amid high market volatility. Despite market moderation in H1 2025, Bitget maintained a higher baseline of activity. Total volume in June 2025 ($504B) remained 2.3x higher than November 2023 ($223B). This performance underlines Bitget’s evolution into a scaled venue for global trading. ● Cumulative Volume (Nov 2023 - Jun 2025): $12.8T ● Peak Monthly Volume: $1.19T (Dec 2024) Spot vs Derivatives Derivatives are the engine of Bitget, which consistently account for ~90% of total notional volume. This dominance holds across both bull and bear markets, solidifying Bitget’s position as a primary venue for perpetuals trading. ● Peak Dominance: 92.9% derivatives share (in Oct 2024). ● 2025 YTD Average: 89.7% derivatives share. Top 3 Assets (Spot): BTC, ETH, BGB Spot trading is gaining momentum, helped by the April launch of the Bitget Onchain platform. Spot volumes surged 32% month-on-month to $102.8B in May, lifting overall market share to 5.2%. The exchange’s native token, BGB, ranked as the third-most traded spot asset, alongside BTC and ETH, which collectively accounted for 44% of H1 spot volumes. Six assets—BTC, ETH, BGB, XRP, DOGE, and SOL—appeared in the monthly Top 10 every single month. This highlights a stable trading environment for core assets. The Top 3 assets (BTC, ETH, BGB) accounted for 44% of total spot activity, and the Top 10 represented 60%, indicating a concentrated but stable market. While new listings like PI saw breakout volume ($8.6B in H1), core assets provide a more consistent liquidity base. Derivatives Volume Market Share Bitget has significantly expanded our share of global derivatives trading, outpacing peers like Crypto.com and Kraken. Average Monthly Derivatives Volume (Nov 2023 - Jun 2025): ● Bitget: $576B ● Crypto.com: $83B ● Kraken: $24B Key Milestones: ● In late 2024, Bitget captured an average of 15.1% of global derivatives volume across two consecutive months. ● By May 2025, Bitget maintained a top-4 spot globally, processing 12.4% of the world's derivatives trades. ● Overall, Bitget handled $11.5T in cumulative derivatives volume, representing 12.8% of the global total ($90.2T) for the period. This performance reaffirms Bitget’s growth into a structurally relevant derivatives venue; now firmly embedded within the Top-Tier of global exchanges. Open Interest Leadership of Top Assets Bitget’s market presence extends beyond volume to Open Interest (OI), where Bitget consistently ranks among the top exchanges for key assets. In H1 2025, a comparative analysis showed Bitget held the third-highest notional OI overall across BTC, ETH, SOL, and XRP, behind only Binance and Bybit. ● Bitget ranked 3rd in average OI for BTC ($4.9B), ETH ($2.0B), and SOL ($1.1B). ● Most notably, Bitget led all exchanges in average XRP open interest ($1.2B), outpacing Binance ($0.9B) and Bybit ($0.7B). This consistent leadership in OI highlights Bitget’s growing liquidity footprint and structural importance in the derivatives market. 3. Liquidity Insights Market Depth Methodology Market depth is a key measure of liquidity, showing the volume of buy and sell orders within a certain price range. For traders, higher market depth means better price stability and the ability to execute large orders with minimal price impact. On this front, Bitget stands out. The following analysis measures average market depth within 1% of the mid-price for key assets, providing a benchmark for execution quality. ● BTC Market Depth: Top 2 Bitget ranks #2 in BTC liquidity (391.9 BTC average depth), allowing you to execute large orders with minimal price impact. Liquidity is deepest and most efficient in the BTC-USDT pair. ● ETH Market Depth: #1 Globally Bitget is the #1 exchange for ETH liquidity (15,959 ETH average depth), making us a premier venue for large spot trades. Our market offers deep liquidity across ETH-USDT, ETH-USDC, and ETH-BTC pairs, giving you more strategic trading options. ● SOL Market Depth: Another #1 Ranking Bitget also leads all exchanges in SOL liquidity (116,669 SOL average depth), offering traders superior pricing and fills on large orders. The SOL-USDT pair provides the most concentrated depth for efficient trading. This market-leading liquidity translates directly into tangible advantages for our Bitget traders: better pricing, tighter spreads, and the confidence that your large orders can be filled instantly without significant price impact. Slippage & Cost of Execution With slippage among the top three exchanges (just 0.0074%), your trades execute at the price you expect. Combined with our fee structure, your total execution cost can be as low as 0.0374% as a VIP, directly improving your profitability on every trade. 4. Conclusion The data confirms it: Bitget has become a structurally significant global trading venue. Our growth is built on sustained leadership in derivatives (ranking top 4 globally with over $11.5T in volume), expanding institutional trust, and superior market liquidity. Our platform’s performance speaks for itself. We deliver #1 global liquidity for ETH and SOL spot markets, top-two liquidity for BTC, and top-three execution quality with slippage as low as 0.0074% on major pairs. This combination of massive scale, professional-grade tools, and best-in-class execution is why institutions are doubling their assets on our platform. Whether you're a professional or just starting, you deserve to trade on a platform built for performance and trusted by the best. Join us and trade with confidence today! Disclaimer: The inclusion of any service providers or service offerings referenced within this report are solely for informational and contextual purposes. This report is intended for educational purposes only and does not constitute financial, legal, or investment advice.

Few tokens have generated as much buzz this year as Cronos, especially in the wake of Donald Trump’s recent ventures into the crypto arena. Each major headline linking Trump or his media companies to Cronos seems to send shockwaves through the market. The past few months have offered a clear window into this phenomenon, with Cronos price action moving in lockstep with Trump-driven news. In this article, we’ll break down what Cronos crypto is, its newly pivotal role in Trump’s crypto ventures, why it was chosen for such a significant partnership, how its price has responded to recent Trump-related headlines, and what the future may hold for Cronos crypto price prediction. What is Cronos (CRO)? Cronos is the native cryptocurrency that powers the Cronos blockchain, a scalable, low-cost, and interoperable platform launched in 2021. The primary goal of Cronos is to bridge key networks like Ethereum and Cosmos, allowing for seamless integration across DeFi, NFTs, and dApps. Thanks to its focus on fast transactions and minimal fees, Cronos crypto has quickly become a go-to solution for both developers and users in the rapidly growing Web3 space. The Cronos ecosystem is built around the CRO token, which is essential for staking, transaction fees, and governance within the network. CRO holders gain benefits such as network rewards, participation in governance decisions, and exclusive perks, making the token central to the platform’s value proposition. Cronos’ Role in Trump’s Crypto Empire Recent news has catapulted Cronos crypto into the headlines following major alliances with Trump Media & Technology Group, the parent company of Truth Social, and a high-profile treasury deal. Trump’s strategy echoes corporate pioneers like MicroStrategy, but with a unique twist — instead of Bitcoin, Trump Media is anchoring its treasury reserves in Cronos (CRO). This high-visibility backing means CRO isn’t just another altcoin. By integrating Cronos into its digital asset strategy, Trump Media aims to institutionalize the token, using it not only as a treasury asset but also as a core rewards mechanism across its platforms. The collaboration is set to make Cronos a foundational block in Trump’s much-publicized foray into the crypto sector — a move that has already begun fueling speculation and excitement about the future Cronos crypto price. Cronos Crypto Price Performance After Trump Moves Cronos crypto price has consistently shown sharp reactions to major institutional developments—especially those connected to former President Donald Trump and his business ventures. In early July 2025, the crypto space was abuzz when Truth Social filed for its Crypto Blue Chip ETF, which included Cronos (CRO) alongside leading assets like Bitcoin and Ethereum. Upon the ETF’s announcement, Cronos crypto price rapidly surged by approximately 17%-20%, jumping from the $0.16 range to briefly test $0.19. Notably, while flagship cryptocurrencies such as Bitcoin and Ethereum saw muted price movements, Cronos outperformed its peers, underscoring just how reactive and sensitive the CRO market can be to institutional news. Source: CoinMarketCap Fast forward to late August 2025, and the landscape shifted again when Trump Media & Technology Group revealed its plan to anchor its treasury reserves in Cronos. Following confirmation of this landmark strategy, trading volumes for CRO soared, and the token price climbed almost 30% within hours—rising from around $0.17 to challenge the $0.22 level before seeing some profit-taking. Cronos Crypto Price Prediction: 2025-2030 Given the recent influx of institutional attention and the possibility of further adoption within Trump’s growing crypto empire, many are closely watching Cronos crypto price forecasts. While predicting the future of any cryptocurrency carries risks, market analysts project that if current momentum continues, Cronos could reach toward the $1 level by 2025. Conservative targets estimate a range of $0.30 to $0.80 for 2025, with upside potential tied to ongoing media attention and adoption. Looking further ahead, bullish scenarios for Cronos crypto price in 2030 suggest a range between $1.00 and $3.00, driven by mainstream institutional usage, technological upgrades, and continued integration into high-visibility platforms. Of course, volatility and regulatory uncertainty remain important factors to monitor; prices could fluctuate sharply in either direction. Conclusion: Is Cronos Crypto a Good Investment After Trump’s Backing? The Trump-fueled partnerships have brought unprecedented attention and potential credibility to Cronos crypto, making CRO one of the hottest tokens to watch this year. The convergence of scalability, unique cross-chain technology, and powerful industry endorsements means the Cronos crypto price could see material appreciation if these developments translate into sustained adoption. Investors should remember, however, just as the potential for high returns exists, so too does volatility and risk. As always, perform your own research and consult with financial professionals before investing in any cryptocurrency. FAQ 1. Is Cronos crypto a good investment?Cronos crypto has notable technological strengths and growing institutional backing. However, like all cryptocurrencies, it carries risk due to volatility. Assess your risk tolerance and investment timeline before making decisions. 2. Can Cronos crypto reach $5?While ambitious, the $5 level is speculative. It would require significant market adoption, consistent institutional interest, and broader acceptance of crypto assets globally. Current forecasts put this as a possibility only in very bullish long-term scenarios. 3. What will Cronos crypto be worth in 5 years?Predictions for Cronos crypto price in 5 years suggest a range between $1.00 and $3.00, depending on market trends, ecosystem growth, and regulatory factors. 4. What is the Donald Trump crypto coin?There is no official “Donald Trump coin”; rather, Trump and his media ventures have chosen to anchor their digital strategies and treasury reserves in established tokens such as Cronos crypto (CRO) and have also engaged in the launch of various crypto reward mechanisms.

The dogecoin price slipped following an 8% intraday swing, extending a choppy stretch where bears have kept the upper hand. With the dogecoin price down roughly 32.5% year-to-date and sentiment split between accumulation and distribution, investors are asking whether a potential Federal Reserve rate cut in September could reset momentum—and what big whales are doing behind the scenes. Source: CoinMarketCap DOGE Price Performance Dogecoin continues to lag the broader altcoin complex. At press time, the dogecoin price hovers near $0.22, having repeatedly tested a critical support zone at $0.23. A firm rejection near $0.25—where an estimated 2.29 billion tokens changed hands—confirms heavy overhead supply and underscores the overhang on the dogecoin price. Key near-term observations: Resistance: $0.24–$0.25 remains a dense supply area. Rejections at $0.25 reinforce this ceiling. Support: $0.23 has held multiple times. A clean break below opens the door to $0.21. Structure: On the 4-hour chart, price stalled at the upper trendline of a symmetrical triangle, with $0.24 acting as immediate resistance. Volatility and volume: During the breakdown under $0.229, volume spiked to roughly 10–12 million DOGE per minute—consistent with possible institutional distribution and stop-driven moves. While DOGE underperforms on a year-to-date basis, short, sharp rebounds have punctuated declines—typical of a market in which liquidity pockets and sentiment shifts play outsized roles. On-Chain Data: What Whales Are Doing On-chain flows help explain the push-pull in price action: Accumulation: Whales accumulated nearly 680 million DOGE in August, signaling steady long-term interest despite volatility. Exchange inflows: A notable transfer of 900 million DOGE to Binance has raised near-term selling risk, as coins sent to exchanges can precede distribution. Liquidity dynamics: The combination of accumulation on the way down and bursts of exchange-bound supply suggests a market oscillating between dip-buying and opportunistic selling—conditions that can keep ranges intact until a catalyst breaks the stalemate. These flows can weigh on the dogecoin price in the short term while preserving a constructive longer-term backdrop if accumulation persists. Price Analysis: Levels That Matter Now Technically, DOGE retains a favorable longer-term setup even as short-term momentum softens: Trend signals: A golden cross remains intact on higher time frames, supporting the bigger-picture bull case. Momentum: Below $0.24, short-term momentum tilts cautious; repeated failures there keep rallies capped. Pivots: A sustained break below $0.23 would likely target $0.21 next, with liquidity vacuums accelerating the move. A bounce that reclaims $0.24–$0.25 would re-ignite upside and put a breakout on the table. Actionable levels to monitor: Support: $0.23 (primary), then $0.21 Resistance: $0.24 (near-term), $0.25 (major) Confirmation: A daily close back above $0.24 would be a constructive signal; a decisive loss of $0.23 would argue for patience. To stabilize the dogecoin price, bulls need to reclaim $0.24 with expanding volume. A loss of $0.23 would likely push the dogecoin price toward $0.21, where buyers will try to reassert control. DOGE Price Catalysts (ETF, Macro, Liquidity) Macro policy and product headlines could determine the next trend leg: Federal Reserve policy: A widely anticipated September rate cut, if delivered, could improve risk appetite across crypto. Easing financial conditions typically funnel liquidity into higher-beta assets, potentially lifting the dogecoin price alongside broader market leaders. ETF narrative: While there is no approved, dedicated Dogecoin ETF at present, ETF headlines remain a key sentiment driver across crypto markets. Incremental progress on broader crypto ETFs (and any future DOGE-linked ETP discussions) can improve visibility, institutional access, and liquidity—factors that often spill over to the dogecoin price via risk-on flows. Market leadership: Strength in Bitcoin and large-cap altcoins often precedes rotational bids into higher-volatility names. If leaders break higher, DOGE could follow once $0.24–$0.25 is cleared with conviction. Flows and funding: Rising derivatives open interest, tightening spot-futures basis, and declining exchange reserves would be supportive. Conversely, spikes in exchange inflows—like the 900 million DOGE transfer—can cap rallies. Is It a Good Time to Buy the Dip? This largely hinges on time horizon and risk tolerance: Tactical traders may look for a reactive bounce off $0.23 with tight risk controls, aiming for a re-test of $0.24–$0.25. Swing and longer-term participants might prefer confirmation: a daily close above $0.24, or a flush into $0.21 that is quickly reclaimed on strong volume, would both improve the reward-to-risk profile. Given current conditions, patience around key levels and close attention to on-chain exchange inflows are prudent until the market resolves. Conclusion DOGE’s backdrop is a tale of two tapes: longer-term structure remains constructive, but near-term momentum is capped below $0.24 and supply at $0.25. Whether the dogecoin price can sustain above $0.23 will likely define direction into September. A supportive macro turn—especially a Fed cut—plus positive ETF-related sentiment could unlock upside, while renewed exchange inflows or a break of $0.23 would argue for caution. As always, align position sizing with volatility and reassess as price, flows, and macro signals evolve. Follow Bitget X to win 1 BTC Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.