Market Cap
24h Vol
7054
Cryptocurrencies
82584
Markets
TheBlock
2019-12-11 12:24:29

Close correlation between value settled and traded volume shows cryptocurrencies are still mainly used for speculation

Quick TakeBitcoin has, by far, the highest amount of value settled in 2019 — $690 billion; followed by Ethereum ($134 billion), XRP ($54 billion), Bitcoin Cash ($51 billion) and Litecoin ($19 billion)In total (BTC, ETH, XRP, BCH, LTC), there was $1.14 trillion settled on-chain in 2017, $1.36 trillion in 2018 and $0.95 trillion in 2019 (30% decline)The close correlation between value settled and traded volume suggests that cryptocurrencies still appear to be mainly an instrument for speculation