Despite recent unimpressive price movements, XRP continues to outperform key metrics and solidify its position as a major player in the crypto market.
A recent study by CryptoQuant, an analytics platform, has confirmed that XRP is the most traded altcoin on Binance Futures in December 2024.
The report revealed that XRP has reached an impressive trading volume of $116.6 billion so far and this month is not over yet.
XRP outperforms Solana and Dogecoin in volume
After XRP volume on Binance, next up is Dogecoin, the largest meme coin by market capitalization. Dogecoin has recorded a value of $58.63 billion so far, while XRP’s volume is double that, showing stronger investor interest.
Solana’s following trading volume continues to lag behind XRP, with SOL recording $49.33 billion so far. Other most traded assets on Binance Futures this month include PEPE with $27.47 billion, BNB with $18.61 billion, and SUI with $14 billion. Notably, this metric excludes Ethereum and Bitcoin trading volumes.
XRP’s performance stands out during a period of increased market volatility. Over the past few days, Bitcoin and altcoins have seen significant declines, shaking traders’ confidence across the board.
Meanwhile, JA Maartun, market observer at CryptoQuant, argues that XRP could be among the first to recover due to its liquidity and continued demand on major platforms like Binance.
XRP futures volume on Binance over the past few months
Previously, XRP volume on the Binance Futures market saw more subdued activity, averaging under $30 billion. For example in the first…
