Here’s your daily crypto volume analysis, including the top 50 crypto tokens with the highest volume during the last 24 hours.

Total Volume of Top 50 Crypto Tokens

First, look at the combined trading volume of these top 50 cryptocurrencies. Together, they accumulate a whopping total of 59 billion USD in the past 24 hours. This number attests to the significant market activity and interest in these cryptocurrencies, which have been growing since Bitcoin’s pump.

Top 5 Tokens Vs. The Remaining 45

Digging deeper into the ranking, a striking disparity is observed when comparing the trading volume of the top 5 tokens to the remaining 45. As you can see in the table below, the top 5 tokens contain USDT, BTC, ETH, USDT, and BUSD.

And here’s the interesting part: The top 5 cryptocurrencies, led by Tether (USDT), Bitcoin (BTC), and Ethereum (ETH), account for a staggering 46 billion USD. In contrast, while registering significant trading volume, the remaining 45 tokens account for only 13 billion USD.

A Look at Stablecoins

A notable trend in the ranking is the prevalence of stablecoins, with Tether (USDT), USD Coin (USDC), Binance USD (BUSD), and TrueUSD (TUSD) all making the top 10 list. This could be attributed to their inherent stability as their value is pegged to traditional fiat currencies, typically the US dollar, which makes them a safe harbor amidst the often tumultuous sea of crypto market volatility.

Crypto Volume 25th June 2023 — Detailed Data

The in-depth analysis provided by this 24-hour trading volume ranking unveils the prevailing market sentiment and investor preference. It offers a snapshot of the cryptocurrency market’s highly dynamic and volatile nature, highlighting the constant shift in power and influence among the various tokens. As always, we encourage potential investors to conduct their own research and approach the cryptocurrency market cautiously.