Crypto Markets Explode: August Volume Hits 8-Month High at $1.8T

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Get those charts ready—the bulls are back! Crypto trading volume just exploded in August, rocketing to a whopping $1.86 trillion. That’s the highest monthly print we’ve seen since the frenzy of last January.

Binance remains the undisputed king, racking up over $737 billion in trades. The real battle was for second place, where Bybit just edged out Bitget in a photo finish. The driving force? A massive “flippening” in sentiment as investors piled into Ethereum.

US ETH ETFs saw billions in inflows while Bitcoin funds bled money. Even DEXs got in on the action, with Uniswap leading a charge to $368.8 billion in volume. The engines are firing on all cylinders.