Crypto exchanges like HTX (formerly Huobi) and OKX have experienced significant increases in website traffic this year. HTX saw its monthly visits surge over 200% from January to August, while OKX experienced a similar traffic increase of 185%. Other exchanges such as Gate.io, CoinW, XT.com, and Bitmart also saw notable traffic growth. Additionally, self-custodial wallets like MetaMask and Trust Wallet, as well as decentralized exchanges like Uniswap, have seen increases in website traffic. This suggests that the crypto market may not be in a bear market as previously thought. While website traffic doesn’t directly reflect trading volumes, it does indicate adoption and demand for crypto services. Bitcoin is currently down 12% from its recent high, further supporting the argument that it is not in a bear market.
