Chainlink Trade Volume On Exchanges Has Been On Steady Increase

The Chainlink trade volume on crypto exchanges has been on a steady increase over the past few days as the LINK price was the second most traded digital assets on the Gemini exchange as we are reading further in the latest Chainlink news.

Massive day for $LINK. It's the second most traded asset on @Gemini over the past 24hrs, edging out $ETH.

— Cameron Winklevoss (@winklevoss) July 16, 2020

A similar price movement was achieved on Kraken by Link for a second day and the LINK perpetual contract on FTX was the highest traded contract before Bitcoin’s. LINK’s price increase in the crypto markets has been stopped by the Twitter hack. Over the past two weeks, Chainlink has been the top performer with the digital asset breaking several all-time high values with the recent one being $8.74 according to Coinmarketcap. The impressive market performance of LINK led the digital asset to break the trading volume on multiple exchanges. The LINK trade volume is increasing ever since.

I think this is a first: BTC-PERP isn't the most traded contract on FTX today. That would be $LINK.

And a bunch of tokens–including $SXP, a new listing–have traded more than the BTC quarterlies.https://t.co/oAq1EgrRgo pic.twitter.com/TlAiqgNHjH

— SBF (@SBF_Alameda) July 15, 2020

Chainlink had an incredible day in terms of trading volume on the Gemini exchange. According to Cameron Winklevoss, the trading volume on Gemini surpassed the one of Ethereum in the past 24 hours. LINK also achieved a feat on the Kraken crypto exchange while in this case, it was the second day that the asset edged out EThereum in terms of the daily trading volume. In their daily market reports, the team at Kraken highlighted the LINK trading volume which has been on a steady increase for quite some time.

LINK surpassed Ethereum for the second day in terms of total trading volume as the price pair had the largest increase in the week-over-week and month over month trading volume. The asset broke the records on the FTX crypto exchange by surpassing Bitcoin as the most traded perpetual contact on the exchange. The feat was outlined by the CEO of FTX Sam Bankman via Twitter. Coinmarketcap revealed that Chainlink is still the 8^th altcoin ahead of Litecoin and Binance Coin but the value of the token seems to have been shaken.

In the case of LINK, the asset briefly dropped below $8 to $7.92 on Binance. LINK has since reclaimed some of the bullish momentum and it is trading at $8.56 at the time of writing. The cryptocurrency Chainlink continues its rally with a new all-time high and a foray which brought it among the top 10 largest cryptocurrencies.