April 2026 witnessed a notable decline in trading volumes across major cryptocurrency exchanges, according to the latest rankings released by BlockBeats. Spot trading volumes on major centralized exchanges (CEXs) fell by 9.96% compared to March, while perpetual contract volumes saw a sharper decline of 13.61% from February levels. User engagement also decreased, with website traffic for major CEXs dropping by 14.61% and downloads decreasing by 1.85% month-over-month. The on-chain derivatives market experienced an even steeper downturn, with perpetual contract volumes on major decentralized exchanges (Perp DEXs) plummeting by 21.10% in April compared to March, alongside a 5.7% reduction in website traffic.