In the world of digital finance, where volatility is the norm, it’s crucial to stay updated on the daily trading volumes of leading cryptocurrencies. This dynamic data mirrors the current market sentiments, liquidity status, and investors’ interest.
Today, we take a comprehensive look at the trading volumes of the top 50 cryptocurrencies between Sunday, 2nd June, 1 PM, and Monday, 3rd June, 1 PM. To provide some more insights, we compare the data to the trading volume from last Friday.
USDT – BTC — ETH — The Usual Top 3
Tether (USDT) has maintained its dominant position, albeit with a substantial drop in trading volume from $39.5 billion on 30th June to $22.77 billion on 2nd June, marking a decrease of around 42.36%. However, this is, of course, usually due to weekend volume.
Bitcoin (BTC) and Ethereum (ETH) have held onto their respective 2nd and 3rd spots. However, their volumes have also declined by approximately 46.66% and 34.46%, respectively.
A Closer Look At Stablecoins
Stablecoins such as USD Coin (USDC) and Binance USD (BUSD) have shown a similar trend, experiencing a decrease in trading volumes. At the same time, TrueUSD (TUSD) surprisingly improved its position from 8th to 6th, despite a volume decrease.
Litecoin’s Volume Decreases, But The Coin Remains In The Top 10
Litecoin (LTC) witnessed a significant drop from the 6th to the 7th position due to a volume decrease of nearly 59.18%. Other cryptocurrencies like Bitcoin Cash (BCH), Wrapped Ethereum (WETH), and XRP remained in the top 10, but all suffered from declining trading volumes.
Gainers
Notably, some cryptocurrencies have shown an improvement in their positions. Solana (SOL), even with a volume decrease, improved its ranking from 13th to 14th. Despite volume decreases, Dogecoin (DOGE) and Polygon (MATIC) also climbed up the ladder to 15th and 16th, respectively.
Other Interesting Insights
Pepe and The Graph, positioned at 17th and 18th, respectively, were new entries in the top 20 list. Among the cryptocurrencies that lost ground, Cardano (ADA) suffered a significant drop from the 17th to the 23rd position, while Polkadot (DOT) descended from the 28th to the 25th.
| Position | Symbol | Name | Volume |
|---|---|---|---|
| 1 | USDT | Tether | 22,777,025,739 |
| 2 | BTC | Bitcoin | 11,965,191,465 |
| 3 | ETH | Ethereum | 7,896,403,743 |
| 4 | USDC | USD Coin | 3,103,936,686 |
| 5 | BUSD | Binance USD | 2,348,402,122 |
| 6 | TUSD | TrueUSD | 1,654,486,188 |
| 7 | LTC | Litecoin | 1,314,938,849 |
| 8 | WETH | WETH | 992,079,480 |
| 9 | XRP | XRP | 940,739,495 |
| 10 | BCH | Bitcoin Cash | 821,654,764 |
| 11 | BNB | BNB | 644,692,855 |
| 12 | FIL | Filecoin | 482,177,552 |
| 13 | FLOW | Flow | 390,964,640 |
| 14 | SOL | Solana | 355,963,177 |
| 15 | DOGE | Dogecoin | 325,056,897 |
| 16 | MATIC | Polygon | 273,523,104 |
| 17 | PEPE | Pepe | 255,093,844 |
| 18 | GRT | The Graph | 250,091,858 |
| 19 | CELO | Celo | 240,979,049 |
| 20 | ETC | Ethereum Classic | 237,657,766 |
| 21 | COMP | Compound | 235,752,858 |
| 22 | LINK | Chainlink | 220,270,232 |
| 23 | ADA | Cardano | 189,998,937 |
| 24 | XVG | Verge | 185,119,716 |
| 25 | DOT | Polkadot | 182,547,154 |
| 26 | ARB | Arbitrum | 182,161,959 |
| 27 | USDCE | USD Coin Bridged | 178,262,704 |
| 28 | AVAX | Avalanche | 166,168,680 |
| 29 | SUI | Sui | 163,076,879 |
| 30 | TRX | TRON | 137,056,754 |
| 31 | WBTC | Wrapped Bitcoin | 132,957,776 |
| 32 | EOS | EOS | 129,885,181 |
| 33 | APT | Aptos | 115,174,177 |
| 34 | STX | Stacks | 114,557,364 |
| 35 | BLUR | Blur | 113,934,333 |
| 36 | SHIB | Shiba Inu | 112,761,383 |
| 37 | AAVE | Aave | 110,130,300 |
| 38 | DAI | Dai | 107,482,201 |
| 39 | WBNB | Wrapped BNB | 101,826,433 |
| 40 | MASK | Mask Network | 100,971,715 |
| 41 | XEC | eCash | 97,705,513 |
| 42 | XMR | Monero | 94,580,137 |
| 43 | OP | Optimism | 92,710,128 |
| 44 | UNI | Uniswap | 85,932,856 |
| 45 | KRW | KingDeFi | 79,768,245 |
| 46 | SAND | The Sandbox | 79,009,481 |
| 47 | WAVES | Waves | 77,995,919 |
| 48 | ATOM | Cosmos | 77,542,597 |
| 49 | APE | ApeCoin | 74,249,408 |
| 50 | MKR | Maker | 73,759,220 |
About Crypto Market Trading Volume
The trading volume data provides crucial insights into market liquidity, indicating how easy it is for traders and investors to buy and sell their preferred cryptocurrencies without causing a drastic change in prices.
It’s important for investors to use this data, along with other key performance indicators and market news, to make informed decisions. Crypto markets operate round-the-clock, and trends can change quickly. Therefore, tracking trading volumes can offer valuable information about where the market might be heading and help identify potential investment opportunities.
This analysis is a snapshot of the current market scenario and not investment advice. Crypto investments come with a high risk due to their volatile nature. Investors should conduct thorough research or consult a financial advisor before making investment decisions.