Q2 2023 Outlook Report

CCData's quarterly Outlook Report provides readers with a comprehensive, data-driven analysis of the digital asset landscape. This report reflects on the key events of the previous quarter while casting an eye towards the future, pinpointing emerging trends and potential developments in the coming months and beyond.

  • April 14, 2023
Report cover

Q2 2023 Outlook Report

CCData's quarterly Outlook Report provides readers with a comprehensive, data-driven analysis of the digital asset landscape. This report reflects on the key events of the previous quarter while casting an eye towards the future, pinpointing emerging trends and potential developments in the coming months and beyond.

  • April 14, 2023

Report Summary

Key findings:

  • During the first quarter of 2023, the turbulence and loss of confidence in the crypto market have impacted trading volumes, leading to a slowdown in the growth of centralized exchanges.
  • Monthly volumes averaged $932 billion, a 16.8% decline from the 2022 monthly average of $1.12 trillion. Despite the overall decline, when comparing Q1 2023 to Q4 2022, centralised exchange volumes increased by 23.2%, from $7.57bn to $9.33bn.
  • When comparing the liquidity of ETH on Uniswap V3, the largest decentralized exchange, to Binance and Coinbase, we found that Uniswap V3's liquidity has grown substantially, registering an impressive 208% increase. In contrast, Coinbase and Binance have recorded declines of -6.35% and -13.4%, respectively.
Download Report

More Featured Reports

Exchange Review February 2026
Combined spot and derivatives trading volumes on centralized exchanges declined 2.41% to $5.61T, marking the lowest level of activity since October 2024.
  • March 11, 2026
Read more
Exchange Review January 2026
Trading activity on centralized exchanges rebounded in January as total combined spot and derivatives trading volumes climbed 2.43% to $5.95 trillion.
  • February 16, 2026
Read more
Stablecoins & Tokenized Assets Report January 2026
CoinDesk Data’s Stablecoins & Tokenized Assets Report captures the key developments across the stablecoins and tokenization landscape. Our review focuses on market capitalization and trading volume trends for stablecoins, segmented by collateral type and pegged asset, alongside coverage of tokenized real-world assets; including commodities, equities, and treasuries.
  • February 10, 2026
Read more
Stablecoins & CBDCs Report - December 2025
The total stablecoin market resumed its upward trajectory after declining for the first time in 26 months in November, rising 1.25% to $310B. 
  • January 16, 2026
Read more

Subscribe to Our Newsletter

Get our latest research, reports and event news delivered straight to your inbox.