DefiLlama ranks crypto exchanges on reserves and execution, not volume

Crypto Insight Summary: DefiLlama announced the launch of its new REAL Ranking tab on September 16, providing an alternative to the exchange leaderboard, which was mainly based on reported volume. At the time of writing, the live ranking was showing 59 different exchanges, ranked based on their reserves, execution, activity, and liquidity. This provides traders and institutions with... Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: New ranking system may increase transparency but unlikely to significantly impact trading volumes or market prices.