HTX Global, a leading crypto exchange, has announced the list of tokens that have achieved the most significant trading volume on its platform. Some altcoin projects attracted attention in the list. Because, according to transaction volume, 2 tokens managed to surpass the leading cryptocurrency Bitcoin (BTC). HTX noted that XRP achieved a significant trading volume of $112 million.
SOL and XRP outperform BTC on HTX!
cryptokoin.comAs you follow from , the market is focused on the spot Bitcoin ETF decision from the SEC. Investors and traders are taking positions based on the potential impact of this development. Amid these developments, the leading cryptocurrency exchange HTX shared the tokens that stand out in transaction volume. Accordingly, XRP and SOL, traded accordingly, surpassed Bitcoin (BTC). In fact, XRP has made a significant difference to other high-ranking tokens.
Specifically, market participants using HTX traded $70 million in Solana and $65 million in Bitcoin. XRP’s recorded $112 million was almost twice the volume of BTC.
This statement positions XRP as the featured coin on the HTX exchange. Thus, highlighting the growing importance of XRP in the Asian crypto community. Additionally, HTX created a survey that measured market participants’ opinions about tokens they had recently traded on the platform. In the survey, 36.5% of participants voted positively for XRP and 40.2% for Solana.
Bitcoin regained its position from XRP
On the other hand, HTX’s latest data points to a shift in trading volume dynamics. Especially Bitcoin is at the top compared to XRP. At the time of writing, BTC reached a trading volume of $68.56 million. Thus, it emerged as the most actively traded token on HTX.
In comparison, XRP follows closely in second place with a trading volume of $51.70 million. Solana, on the other hand, was further behind with its volume hovering around 30 million dollars. Additionally, data from other market monitoring sources such as CoinMarketCap also proves the accuracy of the information. This significant reversal can be attributed to the prevailing bearish trend that has rocked the altcoin market, with XRP and SOL double digital losses in their one-week cumulative trajectories. In contrast, Bitcoin displayed a more resilient performance, reclaiming the $44,900 threshold. However, XRP remains the most traded cryptocurrency on the leading US-based exchange Uphold with a significant rate of 28.08%. Bitcoin, on the other hand, lagged behind with a relatively lower rate of 13%.
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