According to CoinMeta, data statistics conducted by Wu's team show that on July 2026, the total spot trading volume of 14 major exchanges was approximately 429 billion US dollars, which is a decrease of about 21.7% compared to 547.9 billion US dollars in June. In terms of trading volume, Binance, OKX, and Bybit ranked in the top three with volumes of 196.5 billion US dollars, 41.6 billion US dollars, and 36.3 billion US dollars respectively, accounting for 45.8%, 9.7%, and 8.5% each, with the top three collectively accounting for 64.0%. Uniswap, Kraken, and Gate saw relatively smaller declines, with reductions of 9.8%, 13.4%, and 15.9% respectively. Bitfinex, Coinbase, and Bybit experienced larger declines, with reductions of 59.7%, 26.4%, and 24.5% respectively.