Dash volume discrepancy?

lord2jays

New Member
May 6, 2015
34
10
8
Since the bull run of 2017, most coins have failed to reach those daily transaction values again.

BTC is now trading around 3-4 Billion per 24hrs as it has done for a while, since July.

Dash by comparison has increased it's daily volume since then and is regularly seeing volume around 50%+
that of the peak bull run.

Is this a good thing? No other established coin in the top twenty coinmrktcap seems to be doing this.

Is there a specific explanation or event that has caused Dash to retain and increase it's transaction volume since July when market volume has tapered off considerably?
 

ScioMind

Member
May 28, 2014
183
73
88
I noticed the same thing with the volume just a couple of days ago myself. I think it may simply be because Dash is actually being used as currency, in places like Venezuela and elsewhere. Expect the price to rise dramatically as a result, in time.
 

qwizzie

Well-known Member
Aug 6, 2014
1,697
815
183
Since the bull run of 2017, most coins have failed to reach those daily transaction values again.

BTC is now trading around 3-4 Billion per 24hrs as it has done for a while, since July.

Dash by comparison has increased it's daily volume since then and is regularly seeing volume around 50%+
that of the peak bull run.

Is this a good thing? No other established coin in the top twenty coinmrktcap seems to be doing this.

Is there a specific explanation or event that has caused Dash to retain and increase it's transaction volume since July when market volume has tapered off considerably?
I think we need to make a distinction between traded volume on exchanges and transactions that occur on the Dash network.

With regards to traded volume on exchanges, Dash trades between 200 and 220 million USD per 24 hours.

Link :

https://coinmarketcap.com/currencies/dash/
https://www.coinranker.net/cryptocurrency/dash

Most of the trading takes place on ZB.com, a chinese off-shore platform. How much of that volume there is real though and how much of it is accomplished through wash trading (which will artificially inflate traded volume) is anyone's guess.

Then we have the transactions that occur on the Dash Network, which shows some interesting peaks :

Link :

https://bitinfocharts.com/comparison/dash-transactions.html#6m
https://dashradar.com/charts/transactions-per-day (set to year)

Peak 1 : July 2018 --> Stress testing the Dash network, officially confirmed.
Peak 2 : Early Oct 2018 --> i assume this is also a stress test of the Dash network (due to the large size of this peak), but it has not been officially confirmed as a stress test.
Peak 3 : Late Oct 2018 --> seems more legit in my opinion as actual volume taking place.
 

lord2jays

New Member
May 6, 2015
34
10
8
I think we need to make a distinction between traded volume on exchanges and transactions that occur on the Dash network.

With regards to traded volume on exchanges, Dash trades between 200 and 220 million USD per 24 hours.

Link :

https://coinmarketcap.com/currencies/dash/
https://www.coinranker.net/cryptocurrency/dash

Most of the trading takes place on ZB.com, a chinese off-shore platform. How much of that volume there is real though and how much of it is accomplished through wash trading (which will artificially inflate traded volume) is anyone's guess.

Then we have the transactions that occur on the Dash Network, which shows some interesting peaks :

Link :

https://bitinfocharts.com/comparison/dash-transactions.html#6m
https://dashradar.com/charts/transactions-per-day (set to year)

Peak 1 : July 2018 --> Stress testing the Dash network, officially confirmed.
Peak 2 : Early Oct 2018 --> i assume this is also a stress test of the Dash network (due to the large size of this peak), but it has not been officially confirmed as a stress test.
Peak 3 : Late Oct 2018 --> seems more legit in my opinion as actual volume taking place.
Cheers, very much appreciated and thanks for the links.

The point still stands with either dashradar charts or exchange (coinmarketcap) charts: The current Dash volume (or post July 2018) of Dash is around 50% that of the peak bull run in late 2017.
No other major coin/crypto seems even close to that RATIO. i.e. None of the other networks are approaching 50% of the activity they saw in the bull run. But Dash has been doing this since July.

I would hope that it is due to 'real world' adoption but unless someone can back that up for me I'd doubt myself and my bias opinions.

Can Dash network activity be broken down geographically? Are there any regions with massively higher current Dash transaction volumes than those which were occurring during late 2017?
 

qwizzie

Well-known Member
Aug 6, 2014
1,697
815
183
Cheers, very much appreciated and thanks for the links.

The point still stands with either dashradar charts or exchange (coinmarketcap) charts: The current Dash volume (or post July 2018) of Dash is around 50% that of the peak bull run in late 2017.
No other major coin/crypto seems even close to that RATIO. i.e. None of the other networks are approaching 50% of the activity they saw in the bull run. But Dash has been doing this since July.

I would hope that it is due to 'real world' adoption but unless someone can back that up for me I'd doubt myself and my bias opinions.

Can Dash network activity be broken down geographically? Are there any regions with massively higher current Dash transaction volumes than those which were occurring during late 2017?
I dont know of any charts that breaks down the Dash traded volume or transactions geographically. I do suspect Dash Core Group (Business Development) has a general idea where most of the volume / transactions are coming from geografically and
should be able to provide you with an answer. You can raise your question here : https://www.dash.org/forum/threads/...mary-call-12-november-2018.41724/#post-201080 and maybe you get your answer 12th of November 2018.

Just ask them about an update on where most of the Dash volume / transactions are coming from these days and if any charts exist that we can use to monitor this data.

Note :

* ZB.com is a chinese off shore platform, but that will not automatically mean that all volume is coming from China as they have a lot of international customers that use their platform.
* Top 10 merchant locations (https://discoverdash.com/statistics/) does not provide specific info about Dash transactions or volume.

Which means this community does seem to be lacking valuable information on transactions and volume geographically.
 
Last edited: