Decibel trading volume rises 11.8% to $3.34B in Q3 despite market slump
- —Q3 volume $3.34B, up 11.8% QoQ versus a 5.1% market decline
- —Market share climbed to 0.19% from 0.16%
- —Stock and ETF perps volume jumped 191% to $368M
- —Daily active addresses fell 60%; trader balances down ~10% at quarter-end
Why it matters: Volume growth came from market-share gains and large accounts rather than user growth, leaving the durability of the model in question.
Source: TokenPost