According to the latest market data, the Upbit exchange has seen a significant fall in trading volume over the past day. The data shows that the exchange's 24-hour trading volume has dropped to $2.746 billion, a year-on-year decrease of 18.7%.
Despite the overall volume falling, market activity remains active. On the Upbit platform, the SOMI token stands out, ranking first with a volume share of 12.05%, with a transaction amount reaching 330 million USD. Following closely is Bitcoin (BTC), accounting for 11.97% of the total volume, with a transaction amount of 328 million USD.
It is worth noting that Ripple (XRP) also performed strongly in trading, ranking third with a share of 8.94%, and a transaction volume of 245 million USD. Ethereum (ETH) and Tether (USDT) ranked fourth and fifth with transaction volume shares of 6.74% and 5.84%, respectively.
This data reflects the dynamic changes in the current cryptocurrency market, with SOMI's strong performance being particularly noteworthy. However, traditional mainstream cryptocurrencies like BTC and ETH still maintain a considerable market share, demonstrating their continued influence.
Market analysts point out that although Upbit's overall volume has decreased, the activity of the top 5 tokens remains high, which may suggest that investors are adjusting their investment strategies and focusing on specific crypto assets. As the market continues to evolve, this change in trading patterns is worth further attention and analysis.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
According to the latest market data, the Upbit exchange has seen a significant fall in trading volume over the past day. The data shows that the exchange's 24-hour trading volume has dropped to $2.746 billion, a year-on-year decrease of 18.7%.
Despite the overall volume falling, market activity remains active. On the Upbit platform, the SOMI token stands out, ranking first with a volume share of 12.05%, with a transaction amount reaching 330 million USD. Following closely is Bitcoin (BTC), accounting for 11.97% of the total volume, with a transaction amount of 328 million USD.
It is worth noting that Ripple (XRP) also performed strongly in trading, ranking third with a share of 8.94%, and a transaction volume of 245 million USD. Ethereum (ETH) and Tether (USDT) ranked fourth and fifth with transaction volume shares of 6.74% and 5.84%, respectively.
This data reflects the dynamic changes in the current cryptocurrency market, with SOMI's strong performance being particularly noteworthy. However, traditional mainstream cryptocurrencies like BTC and ETH still maintain a considerable market share, demonstrating their continued influence.
Market analysts point out that although Upbit's overall volume has decreased, the activity of the top 5 tokens remains high, which may suggest that investors are adjusting their investment strategies and focusing on specific crypto assets. As the market continues to evolve, this change in trading patterns is worth further attention and analysis.