South Korea’s cryptocurrency market has seen remarkable activity over the past 24 hours. An analysis of data from Upbit and Bithumb, two of Japan’s largest exchanges, revealed that the trading volume of certain altcoins in particular has increased significantly.
Combining 24-hour spot market data from both exchanges reveals that the increase in trading volume is not limited to major cryptocurrencies. Gaming, NFTs, and next-gen layer 1/ecosystem projects are also prominent. In particular, projects such as Axie Infinity, Berachain, and Story are experiencing a surge in demand in the Korean market.
The altcoins with the highest trading volume on South Korean cryptocurrency exchanges in the past 24 hours are as follows:
- AXS – $253.6 million
- she – $185 million
- IP – $163 million
- Main – $110.1 million
- USDE – $107.3 million
- XRP – $91.3 million
- USDT – $80.8 million
- Sand – $74.5 million
- BTC – $53.7 million
- ETH – $58.5 million
- Transfer – $44.2 million
The data is Axie Infinity (AXS) and bella chain (she) is once again attracting speculative interest in the Korean market.
*This is not investment advice.
