HashKey Global, a globally licensed digital asset exchange, has reported a significant increase in its trading volume for May 2024.
The exchange’s daily trading volume surged to US$348 million (HK$2.7 billion), marking a 173 percent month-over-month increase.
This growth was primarily driven by the success of the first Launchpool phase, which achieved a remarkable yield rate of 37.68 percent. HashKey Global’s Launchpool initiative drew substantial market interest, with over 2,157 users locking assets on the first day.
The total amount pledged reached US$109 million (HK$851 million), with the highest single-user earnings recorded at 6,500 ZK. This made it the most profitable Launchpool in the market for the month.
In addition to the increased trading volume, the cumulative asset balance of HashKey Global rose to US$105 million (HK$820 million), representing a 338 percent month-over-month increase.
The platform also experienced high engagement in its mining events, with 2,763 users participating and 1,251 users exceeding a monthly trading volume of US$5 million. In addition, the exchange added 28,500 new registered users and received 12,810 new KYC applications.
Featured image credit: Edited from Freepik