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Crypto Liquidity and Volume Rankings See Big Improvements for XRP

2 mins
Updated by Kyle Baird
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In Brief

  • Ripple's XRP has climbed two places to third spot in Kaiko's crypto liquidity rankings due to incoming SEC ruling.
  • New entry to the liquidity ranking, Arbitrum's native token ARB, ranks 6th in volumes, ahead of several layer-1 tokens.
  • Liquidity rankings have improved for Avalanche (AVAX), Solana (SOL), and Monero (XMR).
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Blockchain and crypto data insights firm Kaiko has released its crypto liquidity ranking report for the second quarter. There have been some shakeups in the listings, which see improvements for Ripple’s XRP asset.

On July 12, Kaiko updated its crypto asset liquidity rankings, stating, “The recent SEC lawsuits have directly impacted the liquidity of assets identified as securities.”

Ripple Crypto Liquidity Moves and Shakeups

The analytics firm noted that the US regulatory crackdown had altered the listings, with some assets losing volume and liquidity.

The Kaiko ranking system compares each asset’s liquidity ranking to its market cap. It also investigates which token’s market cap is the most misleading from a liquidity standpoint. 

“The good news is that global liquidity has been more or less flat over Q2, with no further drops apart from the tokens featured in the SEC lawsuits and a handful of exchange-specific drops in liquidity,”

In terms of volumes, Ripple crypto liquidity for its XRP asset has climbed two places from the previous quarter to the third spot in the rankings. This is due to investors positioning themselves for the ruling in the SEC versus Ripple court case that is expected imminently, it explained. 

Furthermore, XRP has seen huge volumes on Korean exchanges.

Volume and market depth rankings. Ripple Crypto Liquidity climbs the ranks Source: Kaiko
Volume and market depth rankings. Source: Kaiko 

The research also noted that the native token for the layer-2 rollup Arbitrum (ARB) ranks sixth in volumes and is ahead of several layer-1 tokens. ARB’s high ranking is notable as it was a new entry to the liquidity ranking this quarter, it added.  

Tokens that have improved in liquidity rankings include Avalanche (AVAX), Solana (SOL), and privacy coin Monero (XMR).

Those that have declined in liquidity rankings include Cosmos (ATOM), Filecoin (FIL), and Polygon (MATIC). These three have been impacted by SEC allegations that they are securities.

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The native token of the Aptos blockchain network, APT, has liquidity that far exceeds its market cap, it reported.

Additionally, LEO, TON, TRX, and OXB have performed poorly, with no improvement in liquidity from the previous quarter.  

XRP Price Outlook 

Ripple’s native token has retreated slightly on the day in a fall to $0.471 at the time of writing.

XRP has been flat for the past week after failing to reach $0.50 earlier this month.

XRP Price in USD 1 Week Chart. Source: BeInCrypto
XRP Price in USD 1 Week Chart. Source: BeInCrypto

XRP has been sideways since mid-March like a coiled snake waiting to jump on the outcome of the SEC case.

Which way it goes will depend on the judge presiding over it.

Top crypto platforms in the US | February 2024



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Martin Young
Martin Young is a seasoned cryptocurrency journalist and editor with over 7 years of experience covering the latest news and trends in the digital asset space. He is passionate about making complex blockchain, fintech, and macroeconomics concepts understandable for mainstream audiences.   Martin has been featured in top finance, technology, and crypto publications including BeInCrypto, CoinTelegraph, NewsBTC, FX Empire, and Asia Times. His articles provide an in-depth analysis of...