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Upbit Trading Volume Falls 25.3% to $1.17 Billion in 24 Hours

CoinGecko data shows XRP/KRW pair still leading Korean won market as overall liquidity declines, followed by Ethereum, Bitcoin, Tether, and Solana.

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Summary

Upbit’s 24-hour trading volume dropped 25.3% to $1.173 billion, according to CoinGecko. The XRP/KRW pair maintained dominance with a 17.61% share, followed by Ethereum (ETH), Bitcoin (BTC), Tether (USDT), and Solana (SOL) in the Korean won-denominated market.

Terms & Concepts
  • XRP/KRW pair: A trading pair where XRP is exchanged for South Korean won (KRW), indicating the cryptocurrency’s activity in the Korean market.
  • Trading volume: The total value of transactions in a given period, used to measure market activity and liquidity.
  • CoinGecko: A cryptocurrency data aggregator providing price, volume, market capitalization, and other metrics for digital assets.