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Nexo Transaction activity Up 3 to 4x vs 2023, highlighting ecosystem growth.
The development of the CeFi sector, which represents the set of financial services in the crypto industry operating through a centralized intermediary, has experienced significant expansion since its inception. CeFi's estimated market capitalisation has expanded nearly tenfold to approximately $60 billion. This evolution indirectly benefits tokens associated with this type of platform, which are not limited to being simple exchanges. It is possible to assess investor interest in a token of this category, and therefore in its platform, by analyzing the evolution of transaction activity. On Nexo, it is clear that token exchange activity has significantly increased over time. In 2023, the average number of transactions was approximately 1,000 to 2,000 transactions per month. Since late 2025, this figure has risen to between 5,000 and 9,000 monthly transactions, a 3 to 4 times increase. Looking more closely, the majority of transactions involved between 100 and 10,000 NEXO per transaction. In March 2026, there were 2,300 transactions involving 1,000+ NEXO and 1,700 transactions exceeding 10,000+ NEXO. This increase in activity may reflect higher speculation on the token over time, but not exclusively. Another factor lies in the utility of holding NEXO for platform users, thanks to the benefits it provides: reduced fees, better borrowing rates, cashback rewards, etc. In addition, users can also stake the token and earn yields ranging between 3% and 11%, while maintaining exposure to its potential price appreciation. Overall, a token categorized as CeFi is often intrinsically linked to the development of its underlying platform. The higher the activity and incentives, the more the overall ecosystem tends to benefit from this dynamic.