Data compiled by The Block shows that web traffic to cryptocurrency exchanges saw the second largest drop in volume since the beginning of this year.

May was that Record high for web traffic to crypto exchanges, with a huge surge in interest In April.

But as The Block research analyst Lars Hoffman first noted on twitter, Web traffic fell from 638.2 million in May to 369.1 million visits in June – a 42.2% decrease in traffic volume compared to the previous month, according to data from SimilarWeb.

That’s almost as big a drop as it was between January and February this year, when web traffic fell 45.3%.

Share of crypto exchanges in web traffic

Binance had the largest share of web traffic with 40.7%, followed by Coinbase with 19.2% and Indodax, an Indonesian crypto exchange, 3.6%.

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