This analysis delves into the transfers between CEXs and the Avalanche chain and vice versa. The focus is determining which CEXs sent and received higher volumes of transactions and users while exploring the transfers made per token to identify the most popular assets.

So, I went through CEXs and analyzed these parameters:

• Transfers Flow ( Users, Transactions, and Volume )
• Transfers Flow per CEX
• Transfers Flow per Symbol
• Users Breakdown per CEX
• Top transferred tokens

All metrics are based on transfers from and to Avalanche.

Numerous projects in the cryptocurrency realm are attempting to address the blockchain trilemma, which entails achieving decentralization, scalability, and security simultaneously.

Avalanche is one such project that has gained widespread recognition. It employs a sophisticated blend of various consensus mechanisms and a multi-chain architecture.

Avalanche is an open-source platform that supports smart contracts and is designed to facilitate the development of decentralized applications (dApps) and enterprise blockchain protocols.

By being open-source, the platform's distributed ledger technology (DLT) is completely transparent and available to the public.

According to the DIM label table, only Five CEXs are recognized for conducting transfers to and from the Avalanche chain: Binance, Huobi, Coinbase, Bitfinex, and Coinsquare.

Although other CEXs support the Avalanche chain, we cannot identify their cold or hot wallets, so our analysis focuses solely on the aforementioned CEXs.

To provide a clearer understanding of the charts, I have placed the transfers from and to CEXs alongside one another.

Furthermore, my findings have been divided into three tabs for easier analysis: the first provides an overview of transfers to and from CEXs, the second is focused on CEXs themselves, and the third is based on tokens.