One of the reasons for the recent drop in prices has been the low liquidity on CEXs.
Some of the top market makers have stopped operations, as US regulators tighten the belt.
As a result the liquidity on the CEXs has dropped by a lot.
Here is the chart for the daily trading volume on the top exchanges.
To number one exchange Binance is now standing at almost 1.5B. A month ago this number was around 10B. This is more than 80% reduction in trading volume. Back in the bull in 2021 Binance reached more than 30B on some days.
Uniswap is now the second largest exchange in the world with more than half a billion in daily trading volume. While a month ago this number was around 1B, there is still a drop but not as for the CEXs.
Coinbase is on the third spot with around 370M, and is now closely followed by some other ones like Huobi, ByBit etc.
Pancake, another DEX is in the top as well with almost 200M.
These are weekend numbers, when trading volume is usually lower, but it goes to show the state of the crypto and the thin liquidity these days.
This is why HIVE best option for listing now might be Uniswap.