Overview

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• Total trading volume at $375.1 million, which is over 2 times higher than the monthly average of $166.7 million. The high trading volume was driven by Bitcoin, which was down 6% mid-day, but closed down only 2%.
• The bulk of the trading occurred at the time of the price drop (mid-day UTC). As a result, pairs with Euro were more active.
• The best investment of the day was KAVA (up 25% over USD). Also, strong returns from Algorand (+9.4%), and Kyber Network (+6.2%).

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July 28, 2020   $375.1M traded across all markets today  Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD
XBT  $10934.  ↓1.4%  $230.2M	ETH  $317.50  ↓1.8%  $68.3M	USDT  $1.0017  ↓0.02%  $23.3M	BCH  $289.5  ↑7.5%  $10.6M	XRP  $0.2308  ↑2.5%  $10.3M
ADA  $0.1492  ↑7.3%  $9.58M	LTC  $55.879  ↑4.3%  $8.8M	LINK  $7.2509  ↑2.1%  $6.75M	XTZ  $2.8397  ↑0.6%  $5.44M	USDC  $0.9998  ↓0.01%  $3.93M
XMR  $81.415  ↑3.4%  $2.49M	REP  $21.503  ↑4.8%  $2.47M	EOS  $3.0042  ↑5.1%  $2.0M	ALGO  $0.3143  ↑9.4%  $1.82M	KAVA  $2.6081  ↑25%  $1.74M
XLM  $0.0973  ↑2.6%  $1.59M	ATOM  $3.7570  ↑4.4%  $1.2M	ZEC  $70.865  ↓0.15%  $767K	BAT  $0.2514  ↑1.2%  $726K	DAI  $1.0228  ↑0.8%  $699K
SC  $0.0031  ↑2.8%  $675K	DASH  $80.003  ↑2.9%  $662K	PAXG  $1983.0  ↑0.4%  $655K	ETC  $7.2409  ↑1.4%  $635K	STORJ  $0.1708  ↑1.8%  $628K
TRX  $0.0191  ↑2.0%  $404K	NANO  $0.9556  ↑2.6%  $395K	OMG  $1.5865  ↑0.6%  $306K	XDG  $0.0031  ↑0.5%  $303K	KNC  $1.4663  ↑6.2%  $295K
WAVES  $1.5017  ↑1.7%  $277K	QTUM  $2.3798  ↑2.4%  $271K	OXT  $0.1742  ↑3.0%  $211K	ICX  $0.3811  ↑3.1%  $179K	COMP  $136.78  ↑0.6%  $165K
MLN  $13.264  ↓1.0%  $102K	GNO  $29.650  ↓0.9%  $86.7K	LSK  $1.2583  ↑1.4%  $76.4K

#####################. Trading Volume by Asset. ##########################################

Trading Volume by Asset

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The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.

Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (July 28 2020)



Figure 2: Mid-size trading assets: (measured in USD) (July 28 2020)



Figure 3: Smallest trading assets: (measured in USD) (July 28 2020)

#####################. Spread %. ##########################################

Spread %

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Spread percentage is the width of the bid/ask spread divided by the bid/ask midpoint. The values are generated by taking the median spread percentage over each minute, then the average of the medians over the day.

Figure 4: Average spread % by pair (July 28 2020)



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#########. Returns and Volume ############################################

Returns and Volume

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Figure 5: Returns of the four highest volume pairs (July 28 2020)

Figure 6: Volume of the major currencies and an average line that fits the data to a sinusoidal curve to show the daily volume highs and lows (July 28 2020)

###########. Daily Returns. #################################################

Daily Returns %

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Figure 7: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (July 28 2020)

###########. Disclaimer #################################################

The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.