DefiLlama launches REAL exchange ranking based on reserves and execution, not volume
- —REAL scores 59 exchanges on four criteria: reserves, execution, activity and liquidity
- —Binance scored 86, Coinbase 79, OKX 77, Hyperliquid 74, Kraken and Bybit 73
- —Daily volume across venues was $257 billion: $231.4 billion on CEXs and $25.5 billion on DEXs
- —CEX and DEX scores cannot be compared directly — the methodology differs
Why it matters: The ranking gives traders and institutions a way to verify real exchange activity instead of inflated volumes, intensifying competition for transparency.
Source: Cryptopolitan