Latest data shows that decentralized platforms are gaining ground, while big exchanges like Crypto.com are seeing their market share slip. This shift highlights users’ growing preference for security and control.
Another player reflecting this shift is Plus Wallet. Active traders are increasingly switching to the platform to benefit from its top-tier encryption, user-friendly interface, and unlimited rewards.
In other crypto news, recently Ethereum fees spiked to over $4 due to the SCR token airdrop, which has increased network activity and driven up transaction costs.
Crypto.com’s Market Share Drops as DEX Popularity Rises
Recent data in the exchange sector shows that Binance and Crypto.com’s market share is dropping. According to a 0XScope research report, Binance’s spot trading volume has decreased from 52.5% to 39.54%, while its derivatives market fell from 50.9% to 42.5%. Meanwhile, smaller exchanges like Bybit and OKX are gaining traction.
Notably, decentralized exchanges (DEXs) now account for 13.6% of spot trading volume, reflecting a growing preference for these platforms. The decline in crypto.com’s market share, along with other centralized exchanges, signals a trend signals a trend where traders are increasingly favouring DEXs for enhanced security, lower fees, and greater control over their assets.
Ethereum Fees Spike Following SCR Airdrop
Ethereum transaction fees recently spiked to over $4, marking the third major increase since the Dencun upgrade. After this upgrade, which introduced Blobs, fees had initially dropped, benefiting Layer 2 networks.
However, the recent surge in Blob fees occurred on October 22, coinciding with the airdrop of the SCR token for the Ethereum Layer 2 network Scroll. This event temporarily increased network activity, highlighting how such airdrops can lead to volatility in transaction fees, even in a system designed to reduce costs.
Full Security & Control: Stay Ahead with Plus Wallet
Crypto users are increasingly seeking wallets that offer strong control over their assets. However, in a fast-paced market, users also need advanced features that allow them to quickly respond to changes and stay ahead of the curve. Plus Wallet meets these demands, offering security, flexibility, and efficiency to give users a complete trading package.
The wallet keeps security and user control front and centre by using strong encryption and storing private keys directly on the user’s device. This ensures that only the user has access, and no third party, including Plus Wallet, can see or access their assets. For extra protection, users can enable two-factor authentication with Face ID and PIN code authorization.
Managing assets is just as straightforward. Plus Wallet’s Unified Wallet Balances feature lets users view all assets on a single screen. This is a major benefit in terms of efficiency, allowing users to make quick decisions without having to jump between multiple wallets.
If a device is lost, Plus Wallet ensures assets are safe and recoverable. Users can simply reinstall the app on a new device and use their recovery phrase, which safely reconnects them to their wallets without losing any data.
This balance of security and convenience suits both beginners and seasoned traders, giving them secure and easy access to their assets whenever needed. Plus Wallet stands as one of the safest crypto wallets today, offering next-generation features and strong security to make trading simpler than ever.
Safest Crypto Wallet in 2024
The recent spike in Ethereum fees highlights the cost volatility on the network, posing challenges for users and developers who rely on stable pricing. Meanwhile, the decline in Crypto.com’s market share reflects a clear demand for user-centric and secure platforms.
In this context, Plus Wallet stands out with its advanced security features and ‘More is More’ philosophy. Its encryption-based system ensures users have full control and confidence in the safety of their assets.
Plus, its unlimited rewards, convenience, and flexibility show its commitment to maximizing user benefits. Covering all crypto needs while giving strong protection, it’s one of the safest crypto wallets for beginners and seasoned traders in 2024.
Explore Plus Wallet:
Website: https://pluswallet.app/
Download: https://onelink.to/pluswalletapp
Twitter: https://x.com/pluswalletapp
Instagram: https://www.instagram.com/pluswallet.app/
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