24 Hour Volume Rankings by Currency

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In the fast-moving world of digital assets, trading volume is a critical indicator of market activity, liquidity, and investor interest. The 24-hour trading volume by currency offers valuable insights into which cryptocurrencies are currently dominating exchanges in terms of transactional activity. This ranking helps traders, analysts, and investors gauge market sentiment and identify potential trends before they fully emerge.

Below is an overview of the top cryptocurrencies ranked by their 24-hour trading volume, highlighting key stablecoins and major digital assets driving today’s crypto markets.

1 Tether (USDT) – 64.65% of Total Volume

Tether (USDT) continues to dominate global cryptocurrency trading, accounting for over 64.65% of the total 24-hour trading volume. As a dollar-pegged stablecoin, USDT serves as the backbone of most crypto trading pairs across centralized and decentralized exchanges.

Its widespread adoption stems from its liquidity, stability, and universal acceptance. Traders often use USDT as a safe haven during volatile market swings while maintaining exposure to the crypto ecosystem.

👉 Discover how high-volume stablecoins power modern trading strategies.

Why USDT Leads the Market:

Despite occasional scrutiny around its reserves, Tether remains integral to the infrastructure of global crypto markets.

2 Bitcoin (BTC) – 45.00% of Total Volume

Bitcoin, the original cryptocurrency, holds a 45.00% share of the 24-hour trading volume. While this number may seem high relative to others on the list, it reflects BTC’s role not only as a store of value but also as a primary trading pair against both stablecoins and altcoins.

BTC's dominance in trading volume underscores its position as the most trusted and widely adopted digital asset globally.

Key Drivers Behind Bitcoin’s Volume:

Bitcoin’s consistent volume performance signals enduring confidence among long-term holders and active traders alike.

3 Ethereum (ETH) – 17.96% of Total Volume

Ethereum ranks third with 17.96% of total 24-hour trading volume. As the leading platform for decentralized applications (dApps), smart contracts, and token issuance, ETH maintains strong demand across multiple use cases.

Beyond speculation, Ethereum's utility fuels consistent trading activity—especially during periods of high network congestion or major protocol upgrades.

Factors Supporting ETH Trading Activity:

Ethereum’s robust ecosystem ensures it remains a core component of crypto portfolios and exchange volumes.

4 DAI – 17.66% of Total Volume

DAI, the decentralized stablecoin backed by collateralized crypto assets, captures 17.66% of trading volume. Unlike centralized alternatives like USDT or USDC, DAI operates entirely on-chain through MakerDAO’s governance framework.

Its growing volume reflects increasing trust in decentralized finance (DeFi) protocols and non-custodial financial systems.

Advantages of DAI:

As users seek greater financial autonomy, DAI’s role in peer-to-peer economies continues to expand.

5 USD Coin (USDC) – 8.34% of Total Volume

USD Coin (USDC) accounts for 8.34% of 24-hour volume. Issued by Circle and regulated under U.S. financial frameworks, USDC has become one of the most trusted fiat-backed stablecoins in the industry.

It is particularly popular among institutional investors due to its compliance-first approach and regular attestation reports.

Why USDC Stands Out:

With transparency and regulatory alignment at its core, USDC offers a secure bridge between traditional finance and digital asset markets.

6 First Digital USD (FDUSD) – 5.43% of Total Volume

First Digital USD (FDUSD) holds 5.43% of trading volume. Launched by First Digital Trust Limited, FDUSD is another USD-pegged stablecoin gaining traction on select Asian exchanges.

While not as globally recognized as USDT or USDC, its presence in regional markets contributes significantly to overall volume metrics.

👉 Explore how emerging stablecoins are reshaping regional crypto liquidity.

7 Bedrock (BED) – 4.29% of Total Volume

Bedrock (BED), with 4.29% volume share, represents a newer entrant in the decentralized finance space. Designed to enhance cross-chain interoperability and liquidity aggregation, BED supports complex yield optimization strategies across multiple protocols.

Its rising volume suggests growing interest in next-generation DeFi infrastructure projects focused on scalability and composability.

8 Solana (SOL) – 3.48% of Total Volume

Solana secures 3.48% of 24-hour volume, driven by its high-speed blockchain architecture and low transaction costs. SOL powers a rapidly expanding ecosystem of dApps, NFT marketplaces, and decentralized exchanges.

Developers and retail traders alike are drawn to Solana’s performance capabilities, especially during times when Ethereum gas fees spike.

9 XRP – 3.17% of Total Volume

XRP maintains 3.17% of trading volume despite ongoing regulatory challenges. Known for enabling fast and low-cost international money transfers, XRP remains popular among financial institutions exploring blockchain-based remittance solutions.

Its utility in cross-border payments continues to fuel consistent trading interest.

10 BNB – 1.37% of Total Volume

Rounding out the top ten is BNB with 1.37% of volume. Originally launched as a utility token for Binance exchange fee discounts, BNB has evolved into a full-fledged blockchain platform—Binance Smart Chain (now BNB Chain).

Today, BNB supports a vast network of DeFi applications, gaming projects, and Web3 innovations.

👉 See how blockchain-native tokens are fueling next-gen financial ecosystems.

Frequently Asked Questions (FAQ)

Q: Why is Tether (USDT) responsible for such a large portion of trading volume?
A: USDT is the most widely used stablecoin across global exchanges. It provides price stability while enabling seamless movement between assets, making it the preferred medium for trading pairs worldwide.

Q: How can Bitcoin have a higher volume percentage than some stablecoins?
A: While stablecoins dominate overall transaction count, Bitcoin’s high price per unit means even fewer trades can generate substantial dollar-volume metrics. Additionally, BTC is frequently traded against multiple currencies, amplifying its reported volume.

Q: What does "24-hour trading volume" actually measure?
A: It tracks the total value of all trades executed for a specific cryptocurrency within the past 24 hours across all exchanges where it’s listed.

Q: Is high trading volume always a sign of positive momentum?
A: Not necessarily. High volume can indicate strong interest, but it could also signal panic selling or large liquidations during downturns. Context matters—volume should be analyzed alongside price trends and market news.

Q: Why are there multiple USD-pegged stablecoins in the top rankings?
A: Different stablecoins serve different user needs—some prioritize decentralization (like DAI), others focus on compliance (like USDC), while some offer operational efficiency (like USDT). Market diversity allows users to choose based on trust, geography, and use case.

Q: Can smaller-cap cryptocurrencies appear in high-volume rankings?
A: Yes—during breakout events such as major announcements, exchange listings, or speculative rallies, smaller coins can temporarily surge in volume even if their market cap remains relatively low.

Core Keywords:

This comprehensive overview highlights how trading dynamics shape today’s crypto landscape—from dominant stablecoins to foundational blockchains fueling innovation. As markets evolve, monitoring these volume trends provides essential context for informed decision-making in digital asset investment and strategy development.