Upbit’s total trading volume rose 22.4% from the previous week to $9.9 billion last week, according to Upbit data compiled by The Block. XRP was the exchange’s most-traded cryptocurrency, ahead of Bitcoin, Ethereum and Tether’s USDT. The ranking came as major cryptocurrencies and altcoins continued rising in recent days, while some altcoins in South Korea recorded notable increases in trading activity. XRP has also previously surpassed Bitcoin and USDT in Upbit’s daily trading volume. However, total trading volume measures the value of transactions rather than net purchases, so the data does not establish whether investors were predominantly buying or selling or whether new capital entered the market.