🔎 Observations

About 84.5%($11.845b) of the flow of assets from CEXs to Avalanche belongs to Binance.
The share of Bitfinex from asset flows from CEX to Avalanche has increased in 2023, in contrast, the Share of Houbi from asset flows from CEX to Avalanche has decreased in 2023.
Bitfinex's share of asset flows from CEX to Avalanche has decreased from 25% to less than 1% from August 2022 to September 2022.
81.8 of users who have transferred assets from Avalanche to CEXs have chosen Binance for their first asset transfer.
About 82.5% of users who have transferred assets from Avalanche to CEXs, performed at least 1 asset transfer to Binance.
Although the number of users who have at least 1 asset transfer from Bitfinex to Avalanche is very low(Only 238 users), the average flow of assets per user in Bitfinex is $4.29M which is far greater than other CEXs.
About 54.5%($6.466b) of the flow of assets from Binance to Avalanchebelongs to the AVAX token.
About 41.75% ($4.95b) of the flow of assets from Binance to Avalanchebelongs to the stablecoins (USDT and USDC).
Only the AVAX token has transferred from Coinsquare to Avalanche.
Almost all flows of assets from Bitfinex to Avalanche are dominated by USDT.
Almost all flows of assets from Coinbase to Avalanche are dominated by the AVAX token.
About 32.7%($111.42m) of the flow of assets from Avalanche to Houbi belongs to the USDT .

Flow of assets between the Avalanche ecosystem and CEXs.