Re: CZ: We are seeing ATH in terms of system traffic. Higher than Dec 2017
How big were Binance at the end of 2017? They were still pretty new then.
I can imagine there may be bursts that are bigger than then and then it'll fall back. There'll be more people lurking who are inspired to join in with brief runs.
I can imagine there may be bursts that are bigger than then and then it'll fall back. There'll be more people lurking who are inspired to join in with brief runs.
Binance's huge trade volume to date is evident of this high system traffic hence the reason why CZ got so excited to tweet about it and that maybe he is implying something that might occur similar to the December 2017 event.
https://coinmarketcap.com/rankings/exchanges/
Will be interesting to see the breakdown of numbers though, specially coming from exchange as big as Binance. Where is the traffic coming from? how many "new" traders are signing and making at least one trade? I remember when Binance started their exchange in 2017, newly launch prior to the break out run. They need to shutdown their site because of the enormous numbers of sign-up and their system has been overload.
I doubt Binance will ever share those kinds of data to the public since they treat them as sensitive information and such disclosures might even benefit their competitors.