Original Author: Dr.DODO

With the collapse of FTX, users realized that keeping funds in CEX lacked sufficient transparency. To this end, some CEXs have announced that they will provide proof of reserve funds, with the aim of making the funds kept in the "black box" more "transparent". With the gradual decline in user trust, even elonmusk stated in TS: Assets should be kept in cold wallets. What changes have occurred in user digital asset transactions and flows last week? Today's Datacheck brings short analysis.

As of the 13th of this month, the two indicators of DEX-to-CEX spot trading volume and DEX-to-CEX futures contract trading volume have increased by nearly 50% compared with the previous month.

When the trading volume of DEX/CEX increased significantly, more and more CEXs were pointed out to be a potential thunderstorm, and users' "coin withdrawal campaign" was carried out simultaneously. The following is the flow of various assets (including stablecoins, ETH) on exchanges in the past 7 days. It is not difficult to see that billions of dollars of funds are flowing out from various mainstream exchanges.

With the progress of the "coin withdrawal movement", the total amount of stablecoins and ETH in the exchange has shown a cliff-like decline.

Digital assets are continuously flowing from CEX to personal wallets. Whether users choose cold wallets or hot wallets is also a trend worthy of attention. According to Google search trend data, compared with hot wallets, the attention of cold wallets has increased significantly.

It is believed that protecting the security of digital assets will be one of the directions that web3 users will pay attention to in the future. Whether the assets flowing from CEX to personal wallets will bring new narrative growth to on-chain applications, especially DeFi, is worth looking forward to.