OpenMarketCap

Spot outliers in crypto with confidence 🤑

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OpenMarketCap spots outliers in the cryptocurrency market. We add context to the numbers to help you track with confidence.
This is the 2nd launch from OpenMarketCap. View more

How much are crypto volumes overstated?

Crypto data from only trusted exchanges
OpenMarketCap is a new crypto tracker that calculates price and volume from only trusted exchanges based on research by Bitwise. Trading volume drops by 95% across tokens. With this drop, we show the market for most alts is extremely illiquid / non-existent.
How much are crypto volumes overstated? gallery image
How much are crypto volumes overstated? gallery image
How much are crypto volumes overstated? gallery image
Launch tags:
Analytics•Tech•Web3
Launch Team

What do you think? …

Yin Wu
Maker
A recent analysis by Bitwise shows that > 95% of Bitcoin’s reported trading volume is fake (https://www.bitcointradevolume.com/). We built OpenMarketCap (https://openmarketcap.com) because we could not find an accurate source for cryptocurrency stats. OpenMarketCap calculates average price and total volume from data reported by the trusted exchanges identified in the Bitwise report. Out of the 80+ exchanges on CoinMarketCap (CMC), Bitwise found ten exchanges with actual volume. By tracking data from these exchanges, OMC removes data from exchanges with fake volume and is the only price tracker that gives an accurate impression of trading volume and prices. How fake volume is a problem in crypto: https://twitter.com/yinyinwu/sta...