Liquidity of Top Cryptocurrencies Is Stronger Than During 2017 Bull Market

With increasing speculation in the crypto community that cryptocurrency markets are on the cusp of the next major bull season, it can be easy to lose sight of the maturation that the crypto ecosystem has undergone to get to the present moment.

When comparing the current crypto markets against the climate preceding the previous bull run, many top markets have seen volume gains by a factor of multiple thousands, evidencing a significant expansion in market liquidity.

Daily BTC trade up 519 times since 2017

As of Feb. 15, 2017, Bitcoin (BTC) was the single-most traded crypto asset, having generated $89.76 million worth of trades over 24 hours. 12 months later, amid the fallout from the all-time highs posted during December 2017, BTC had seen a 100-time gain in trade activity, posting a 24-hour volume of $171.48 billion. By contrast, the market capitalization of BTC had grown by 10 times over the same period, highlighting the dramatic growth in liquidity relative to capitalization during…