The 20 leading crypto exchanges saw a combined 8% increase in monthly traffic in October, which can be attributed to growing interest from investors and active retail traders in anticipation of the 2024 US elections.
ICO Analytics data shows that Pump Fun experienced the largest percentage growth in traffic, with a whopping 100% increase in October.
This was followed by BullX with a 78% increase and Uniswap with a 42% increase in web traffic compared to September. In terms of total visits, Binance, WhiteBit, and Coinbase took the top spots in October with 54 million, 33 million, and 30 million visits respectively.
This surge in traffic is said to have fueled the recent uptick in the crypto market, in line with the market trend known as “uptober.”
This refers to the historic pattern of digital assets seeing a surge in October after a period of stagnation during the summer months.
