RE: GS20 Exchange25 Jul 2024 16:45
I think this change may be very significant. Now they are showing the actual volume figure in USD, rather than number of coins traded, the figure doesn't seem to be the one hundredth of the global volume figure anymore (as far as I can see, and I find this very confusijng !). So maybe at last this is the genuine amount of trading going through the GS20 exchange. For BTC GS20 the exchange shows a volume of $3,160,000 and if we get 0.05% of that as transactions fees that is $1,580. Per day, so $576,000 per year. Then looking at ETH is shows a volume of $54,000,000 which would generate fees of $27,000 per day, or $9,855,000 per year. Could this actually be correct ??? If so we all need to get buying again !