The current data published revealed the major changes in the second quarter liquidity score of cryptocurrencies.
On-chain analytics company Kaiko has released its second quarter liquidity score report for the cryptocurrency market. Cryptocurrencies market depth and volume data According to the liquidity score calculated on the basis of big changes in many altcoins observed. According to these changes, the report also worst and best altcoins sorted.
Bitcoin and Ethereum While it ranks first in the liquidity score as well as in the market value, altcoins that are more liquid than the market value and despite the high market value less liquid altcoins drew attention.
XRP, which is in the focus of attention of investors with the end of its case with the SEC, has risen two places in terms of liquidity score. third among all coins took place. The most popular altcoins of recent times aptos (APT) And Arbitrum (ARB) Although they are in the last place according to their market values in the report in question, they are among many altcoins in terms of liquidity. in better condition they exist.
However TRON (TRX), Toncoin (TON), OKB (OKB), and UNUS SED LEO (LEO) Despite its high market values, it is one of many altcoins in terms of liquidity. at worse levels they are located.
On the other hand, Ethereum (ETH) layer-2 (L2) solution Arbitrumamong all cryptocurrencies in terms of volume in Q2 6th place took place. This pivotal position demonstrated the interest of investors in Tier-2 projects.
Changes in liquidity score
of the US Securities and Exchange Commission (SEC) Binance And to Coinbase It was underlined that cryptocurrencies that were positively or negatively affected by the lawsuits they filed.
Liquidity At the top of the prominent names in the second quarter data based on Avalanche (AVAX) came. AVAX, which does not qualify as a security in SEC lawsuits, increased 7 places compared to the previous quarter. 19th to 12th place rose.
Bankrupt cryptocurrency exchange FTX experienced an increase in liquidity after the positive developments in the Left (LEFT) Rising from 13th to 6th place has become one of the top priorities for investors.
Privacy focused Monero (XMR) It has become one of the cryptocurrencies that have been on the rise in terms of liquidity. Compared to the first quarter 7 levels increasing XMR, From 24th to 17th place came.
Cosmos (ATOM), Filecoin (FIL), Polygon (MATIC) The 3 worst performing altcoins compared to the first quarter. The designation of these three altcoins as securities by the SEC was one of the biggest reasons for the loss of liquidity.
MATIC, which lost liquidity after being classified as a security in lawsuits, It dropped from the critical position in the 3rd place to the 8th place.. ELEPHANTfalling 7 places in the ranking ATOM is in 18th place, losing its position in 13th place. took place.