After the 1000th China's crypto "ban" decentralised exchanges are booming. Looks like perhaps Chinese traders are showing a middle finger to new regulations?

After the 1000th China's crypto "ban" decentralised exchanges are booming. I can't tell for sure where all the trading volume is coming from but I think it's safe to assume that a lot of those users are from China. Perhaps someone with full access to Glassnode can provide some on-chain data to confirm it? But I don't think it's a coincidence that this happened after the "ban". It's been on a rise for the last couple of days not just today.In the last 24h dYdX have seen a +175% increase in trading volume:https://ift.tt/2XTfoFW is up +281% in daily trading volume:https://ift.tt/3uothrZ (never heard of them) +257%https://ift.tt/3kL9IH5 some data from yesterday's screenshot I took:Uniswap +27%PancakeSwap +41%SushiSwap +60%https://ift.tt/39G2pdB

Submitted September 27, 2021 at 11:35PM