Thursday, December 9, 2021
HomeAltcoins NewsDASH trading volume has increased by 282%

DASH trading volume has increased by 282%

According to a report shared last night by the Dash team, trading volumes for this cryptocurrency have increased 282% in one year, from $9.8 million to $37.4 million.

The report explains that the increase amounted to as much as 48% in one quarter.

In total, payment volumes reached $916 million, up 80% year-on-year.

Dash vs Bitcoin in the report 

When comparing the value of these payments, Dash was reportedly used 37% more times than the previous year, even more than Bitcoin or Bitcoin Cash.

dash report

As we know, especially in Venezuela, Dash is widely used as a payment method in order to overcome the super inflation that is affecting the bolivar. 

According to data from Dash Merchant Venezuela, there are now more than 2,500 businesses that accept it and the South American country has become the first on the list of those where the wallet is most downloaded.

In America, on the other hand, there are more than 150,000 merchants accepting Dash, according to the report. These include famous chains such as Best Buy, Chili’s, CVS, Domino’s and so on.

Among other things, it seems that LocalCrypto has seen a growth of 3,334% in trading volumes for Dash in Asia.

dash report

The Dash wallet

From the latest data, we know that Dash’s mobile app has seen a 69% growth over the past year with 142 thousand wallets installed in the last quarter of last year.

dash report

The latest news about Dash

Dash is an anonymous cryptocurrency on par with Monero and Zcash, which is why it was delisted from Bittrex in mid-January as it doesn’t comply with the AML regulations that exchanges must abide by.

This obviously generated discontent among holders and supporters of the crypto, and the CEO of Dash, Ryan Taylor, rightly pointed out that the privacy features of his crypto are similar to those of Bitcoin, which remains listed on all exchanges anyway.

For this reason, Dash had fallen in price at the beginning of January, dropping 14.6% while it is now at $113 with a 100% rise in the last 90 days even though its all-time high ($1,642) is still a long way off.

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