Bitcoin Forum

According to data from SimilarWeb (https://www.similarweb.com/), total web traffic to cryptocurrency exchanges exceeded 530 million visitors in April, up 43% from the previous month.
Visits to the exchange websites increased significantly, indicating a new wave of users flocking to the market. Bitcoin and crypto markets seem to have a lot more potential.

https://pbs.twimg.com/media/E0zKWYIWEAkW7i3?format=jpg
source: https://twitter.com/ICO_Analytics/status/1390708902937903112/

https://i.ibb.co/Q65v2vR/cryptocurrency-exchange-web-traffic-monthly.png (https://www.theblockcrypto.com/data/alternative-crypto-metrics/web-traffic)
Chart embedded from The Block Crypto Data (https://www.theblockcrypto.com/data/alternative-crypto-metrics/web-traffic)

Per the data, the 531.12 million figure represents the second-highest monthly result, coming in just below January 2018's 531.7 million.

Breaking the results down by individual market share, Binance increased its share of the monthly traffic to 40.84%, with Coinbase drawing in 17.65%.

https://i.ibb.co/N9N87yr/share-of-cryptocurrency-exchange-web-traffic-monthly.png (https://www.theblockcrypto.com/data/alternative-crypto-metrics/web-traffic)
Chart embedded from The Block Crypto Data (https://www.theblockcrypto.com/data/alternative-crypto-metrics/web-traffic)

Unsure of the legitimacy of the data you have provided but I was quite sure that the traffic has increased because of a few reasons like big names buying Bitcoins be it Michael Saylor or Elon Musk or anyone else, ultimately makes a lot of their followers follow the suit. Also combined with the unfortunate timing of the pandemic which meant that everyone has extra time to spend and hence things like trading, gambling and other online activities have seen growth in recent times.

Also recently when PayPal allowed the purchase of Bitcoins it created a stir in the market and more traders joined the exchanges slowly. I am really happy to see the growth in the number of users joining exchanges and the traffic gained in recent times.

Crypto exchange traffic has increased significantly since the beginning of 2021, but this 43% jump only applies to April compared to the previous month. Binance alone saw a 58% increase in traffic in April compared to March. If we compare the traffic in 2020 to what it was in 2019, I do not believe the pandemic has an impact.

Imagine now Elon Musk is all set to accept the payments in DOGE for the TESLA cars and moreover he has officially stated the use of DOGE payments for his SpaceX project which is named as DOGE-1.

This is serious stuff now and it will drive big crowd into the world of crypto currencies. Truly these influencers are major part to let world know how crypto exists and why we should be part of the same.

400+ million visits to Binance alone in single month, dam, that's success!

Binance is standing at the top with no real competition in the crypto exchange industry even though they deserves the place, its like the monopoly of Binance started to influence the crypto market highly compared to the previous years. Bull trend is likely to stay here for more longer than I expected so I am going to Hold few assets until we see a sign of bears.

It is great that we can compare traffic with previous cycle. Just sad there is no info about year 2017. Traffic right now is only at levels of what it was at the top of 2017. At that time exchanges had huge problems, now they should be ready to serve more users. Wonder at what point we will hear people are waiting months for a reply on tickets.

Very interesting Infographic, but this could mean a couple of things. One can be the number of retail users or Institutions coming to buy in this market while another major sect of users might be the whales who have actually brought their cryptos into the market for sale at good prices. But one surprising thing is that despite price going almost 3x for Bitcoin the traffic has still not surpassed what it was in Jan 2018 which implies people had much more craze of cryptos then than they have now. But I think this data would vary country to country as in 2nd or 3rd world countries where people have come to know about cryptos late, there has been a huge traffic surge recently. While this wasn't the case in 2018.

This are huge number and impressive figure and I have this feeling it is going to keep increasing as we move into the Altcoin season proper, this is a figure to keep an eye on if this flattened out or start decreasing that should be a sign we are close to the end of this bull cycle but we are not since I have not seen my barber try to tell me about Doge coin yet

It is normal to see all this amazing increase in traffic on exchanges, after the significant rise in the price of the BitCoin and after the Altcoin season arrived to peak is expected to see these results, but of course this is not all with Crypto growth and the global adoption growth and business Encrypted has to see more of this traffic movement on Crypto exchanges and also Crypto sites.
It is also natural that Binance have a lion share of this traffic movement because they already have already proven to be the best exchange, more popular and one number in the world of Crypto.

Let us say that the data might not that be accurate but it's reasonable that there's really a surge in the traffic as the market has also surged.

I think these factors helped a lot.

- Bitcoin surpassed past ATH.

- NFTs

- $Coin

- Elon Musk's tweets.

- and other more

And that triggered people who were interested to invest in cryptocurrencies to register in exchanges that are popular which can be known by just googling it.

Im not sure if you are aware of this but these big names could also be the one that makes the market fall. Few minutes ago Elon tweeted that Tesla is no longer accepting bitcoins as payment system because of energy reason and as a result of that the whole market took quite a dip there, this could be the starting trigger for the end of the bull market

Imagine a double edge sword, this is what Elon is. He could either make alot of people start to purchase crypto or make alot of people leave crypto forever

https://i.imgur.com/UuLZC2C.png

Btw this tweet could be translated into two different interpretation. The first is probably this means Tesla is going for another cryptocurrency which is most likely Doge or Elon Musk is sugar coating this because Tesla is done with the crypto space . I mean Tesla as a whole company not just Elon Musk

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Thats quite a huge jump for pancakeswap though. It wasnt really a thing before this bull run, most people dont even know what DEX is

What is surprising to me is that in March of 2020 and after we did not see a very large increase.  I would have thought that with people at home they would have look at those sites.

Not just Bitcoin but almost all the top altcoins also made their all time high and the hype on meme tokens make Binance on top same thing with Pancakeswap. Many are now interested to invest on cryptocurrency and its good that they choose the best exchange for that, we can expect more users to come in the coming years. I just don’t like Binance stopping the withdrawal because of that traffic, I hope they can address this problem.

It's not yet a big percentage overall though, I mean those traffics might come from the same people and even if it isn't, there are still a lot of people that needs to know about cryptocurrency and I think that as time goes by, we will only see more people getting in the market.

All time high, Elon Musk, Mark Cuban, and NFT's.
I guess when you sum it up all that hype then yes, a huge traffic will happen.
There may be something missing as it won't be maximized yet without Ethereum on the picture. Because of the high fees they are offering now, investors are using a different route or worse they are having a difficult time to find one and are still learning. This may grow more in the months to come if this popular people keeps on popping out talking about cryptocurrencies.

Let's also not forget the number of shitcoins being listed on Binance, CZ allowed it so that's an extra millions of users visiting their websites to jump on the bandwagon, pump and dump and then take home profits for this manipulators.

And it's pretty obvious that the numbers are growing exponential as we are hitting all time high numbers for different crypto as well. We already broken trillions of dollars market cap, so another indication that money is flowing in crypto market takes to the millions of traders and speculators globally.

Elon Musk certainly does influence a lot of people, and he's all over the news and talking about crypto....so it's no wonder that there's been a huge influx of new crypto owners as of late, nor that exchanges have seen these massive boosts in their website traffic.  I don't know if that translates into actual business for them or what, but if I had to guess I'd say they are indeed doing more transactions.

And wow, Binance's traffic grew above and beyond that of all the other exchanges!  That's impressive, and I would have thought Coinbase would have been closer.  Wazirx and FTX I've never heard of, and I'm not quite sure why they're on that list.  Are they large exchanges or what?

Yes, some of the traffic may come from the same people, as I am not sure exactly which metrics similarweb uses (according to the available information, the data was collected using Google Analytics). Nonetheless, since sessions are counted, rather than page hits, such a surge in visits undoubtedly means a larger number of users.

@disconnectme, regarding the barber, I had a strange experience at a local hardware store a few days ago; the salesman, with no provocation, started talking about "bitcon" (no joke, that's what he said). At first I thought I had something on my clothes that prompted him, but that wasn't the case. I didn't know what to say to him, so I just said: Don't do anything reckless, and it's best to consult with someone who understands these things and you trust him.

A good analyst that you have made but this isn’t the end result yet. Analysts are expecting the traffic to grow up to 100-200% by the 4th quarter of the year. This is a breakthrough comparing it to the past bull run.

Binance has a better market share as they were able to execute being listed and that is something that even the traditional people are looking forward to. And sooner or later, massive adaption will begin. I just find it satisfying seeing the growth of the community people used to belittle and now, the harvesting begins.

I love seeing raw data and infographics like that. It's worth checking out https://trends.google.com as well - searches for phrases like "buy bitcoin", "bitcoin exchange" and "buy dogecoin" have rocketed in recent months. You could in theory base future buying ideas on such information but need to remember that the information is a bit out of date. Every single news story, good or bad, is drawing in previously uninterested people when they see people making hundreds of percent profit in very short time periods. I know someone who bought just a selective $100 basket of altcoins last week and that has turned into $176 since then. Of course it is extremely volatile but these sort of returns are very enticing in the age of 1% bank saving accounts.

Honestly I was expecting it to be much bigger than the 2017-2018 period. To be quite honest we have been doing much much better these days because we already convinced a lot of people to go into crypto during that 17-18 period but then it got down I agree and some left but some of them must have stayed right? It means with the huge new increase I assumed it would have made some difference, would have been a lot higher.

If you asked me I would have said we 2x the numbers from 17-18 period already, didn't know January was higher than anything we have seen ever since that moment. Aside from that pancakeswap peaked my interest, love using them honestly but to see them higher than uniswap is a magnificent deal, the volume at uniswap was higher last time I checked, but this shows that we are doing not that bad at all as pancakeswap as well so that made me happy.