Data from WuShuo Team reveals a significant 11.5% decline in spot trading volume across major exchanges in February 2026 compared to January. Bitfinex led the gains with a 12.5% increase, followed by OKX at 8.4% and Coinbase at 5.1%. Conversely, Uniswap saw the largest drop at 64%, with HTX and Binance down 37% and 16%, respectively. In contrast, derivatives trading volume rose by 0.7% over the same period. Hyperliquid topped the growth chart with a 24% increase, while Gate and Deribit followed with 20% and 19% gains, respectively. MEXC experienced the largest decline in derivatives trading at 43%, with HTX and Bitget both down by 6%.