Spot crypto trading volume collapsed to $15B daily last week, down 70% from January and the lowest of the year, signaling declining market liquidity.
Macro & Markets ·
Daily trading volume across 44 spot crypto exchanges tracked by Kaiko fell to approximately $15 billion last week, marking the lowest level of the year and a 70% decline from January peaks. Average daily volume has dropped 50% since December 2025 to $20 billion, while the six largest exchanges account for more than 60% of total trading activity, indicating heavy concentration amid tightening market liquidity.