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Research

Article and data. Every piece is written on figures Coinmico measures itself, and shows them.

Two histograms of trade sizes side by side, one a dense low pile of small trades and one a sparse row of tall bars at large sizes
ExchangesData & methods

Trade-size fingerprints: what volume rankings miss, including ours

In six hours on 23 September, Binance printed 30,407 bitcoin trades at a median of $6. Another venue that out-ranks it on weekly volume printed 4,031 trades at a median of $1.55 — and an average of $12,851. The shape of the trades tells you more than the total, and it is the reason our index weights venues the way it does.

Coinmico Editorial·Sep 23, 2026·7 min read
Two horizontal bars for each chain, one for dollar volume and one for swap count, showing Ethereum long on dollars and Base long on swaps
On-chain

Ethereum carries the dollars, Base carries the swaps

We indexed 12.8 million DEX swaps worth $9.8 billion over seven days. Ethereum mainnet produced 62% of the dollars from 12.5% of the swaps; Base produced 40% of the swaps for 22% of the dollars. The average trade on mainnet is $3,778. On BNB Chain it is $233.

Coinmico Editorial·Sep 23, 2026·5 min read
A rising price line with a flat funding-rate strip beneath it and red long-liquidation bars on green days
Derivatives

Bitcoin rose 12% in eight days and perp funding barely moved

A leveraged rally shows up as funding rates pinned at the cap and shorts being squeezed. This one shows neither. Funding on the three largest perp venues averaged 0.006% per eight hours, short liquidations never exceeded $16M a day, and the biggest liquidation days were longs being flushed on up-days.

Coinmico Editorial·Sep 23, 2026·5 min read