Cryptocurrency market players do not rest on the weekend like traditional market players. Traders continue their intensive transactions, especially in South Korea, where there is great interest in cryptocurrencies. Some altcoin projects attract attention with their transaction volumes on Upbit, South Korea’s leading crypto exchange.
Notable altcoin projects on the South Korean stock exchange Upbit
Arbitrum (ARB)
Arbitrum is an Ethereum layer-two (L2) scaling solution. It uses optimistic rollups to achieve the goal of increasing speed, scalability, and cost efficiency in Ethereum. Arbitrum leverages the security and compatibility of Ethereum. Another advantage is higher efficiency and lower fees compared to Ethereum. This is made possible by moving most of the computation and storage load off-chain.
cryptokoin.comAs you follow from , South Korean crypto exchanges are an important indicator for the market. That’s why traders follow the transactions on these exchanges closely. ARB’s trading volume on Upbit more than doubled, indicating intense interest. Meanwhile, at the time of writing, the altcoin was trading at $1.80, down 0.25% on a daily basis. The token has a 24-hour trading volume of $284,943,174. ARB’s current CoinMarketCap ranking is 38 and its current market cap is approximately $2.3 billion. The circulating supply of the token is 1,275,000,000 ARB.
Axie Infinity (AXS)
Axie Infinity is a Blockchain-based game partially owned and operated by its players. Inspired by popular games like Pokémon and Tamagotchi, Axie Infinity allows players to collect, breed, breed, battle and trade token-based creatures known as Axies.
AXS also saw a significant increase in trading volume on Upbit. Meanwhile, the altcoin was trading at $7.25, down 0.28% on a daily basis. Additionally, the token has a 24-hour trading volume of $70,306,874. Its current CoinMarketCap ranking is 63 and its current market cap is approximately $991 million. Its circulating supply is 136,711,071 AXS coins and its maximum supply is 270,000,000 AXS coins.
JUST (JST)
JUST is a popular new decentralized finance (DeFi) ecosystem built for the TRON Blockchain. A suite of products mostly centered around a decentralized stablecoin lending platform known as JustStable.
JST experienced a significant increase in trading volume on Upbit. The token’s 1-hour trading volume increased by 175%. Meanwhile, JUST was trading at $0.029108, down 1.26% on a daily basis. Additionally, the token reached a 24-hour trading volume of $28,857,847. The current CoinMarketCap ranking of the altcoin project is 172. Moreover, its current market cap is around $259 million. Its circulating supply is 8,902,080,000 JST and its maximum supply is 9,900,000,000 JST.
Polymesh (POLYX)
Polymesh is an enterprise-grade permissioned blockchain built specifically for regulated assets. It streamlines legacy processes by solving public infrastructure challenges around governance, compliance, privacy and reconciliation. Additionally, it opens the door to new financial instruments. POLYX is Polymesh’s native protocol token. The token is used to stake and secure, pay transaction fees, and participate in governance. POLYX’s trading volume on Upbit saw an impressive 194% increase. The token was trading at $0.152912, down 0.52% on a daily basis. Additionally, the token’s 24-hour trading volume stands at $4,143,142. The current CoinMarketCap ranking of the altcoin project is 305. Additionally, POLYX’s current live market cap is around $125 million. Its circulating supply is 813,587,545 POLYX.
PlayDapp (PLA)
Finally, PlayDapp (PLA) also recorded a significant increase of 422% on Upbit in terms of transaction volume. Meanwhile, PLA was trading at $0.177756, down 1.27% on a daily basis. Additionally, the token has a 24-hour trading volume of $1,978,243. The current CoinMarketCap ranking of the altcoin project is 340 with a market cap of approximately $102 million. Its circulating supply is 577,401,393 PLA and its maximum supply is 700,000,000 PLA.
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