XRP outshines Cardano (ADA) and Solana (SOL) in liquidity ranking

XRP outshines Cardano (ADA) and Solana (SOL) in liquidity ranking
фото показано с : invezz.com

2023-12-30 15:35

Research from the analytic site Kaiko shows Ripple’s native token surpassed Cardano and Solana in terms of liquidity. The report showed how liquidity is crucial in measuring the asset’s value, challenging the dependence of market cap as the primary metric.

Source – Kaiko XRP tops liquidity charts

Bitcoin, Ethereum, and XRP ranked the top cryptocurrencies in the Q3 liquidity ranking. The research shows that the leading crypto by value and Ether dominated in liquidity and market capitalization.

Meanwhile, Binance Coin plunged to the 8th spot in liquidity (from last quarter’s 6th position), though it has a higher market cap than XRP. Kaiko added that BNB has the most liquidity on exchange Binance.

Meanwhile, XRP had more liquidity in the third quarter, ranking behind BTC and ETH.

Moreover, Kaiko shows that Dogecoin, Cardano, and Solana’s performances somwhar matched their market caps. Also, Litecoin exceeded anticipations to rank 5th in liquidity.

On the other hand, TON underperformed, showing a significant gap between its liquidity and market cap. The alt dipped to the 37th position in liquidity, while it ranks ninth by market capitalization. Shiba Inu, Uniswap, and LEO are among the cryptos with substantial differences between market valuation & liquidity.

Liquidity remains vital in the crypto market as it affects everything from market stability to trading effectiveness. It refers to how smoothly a token could be purchased or sold without substantially impacting its price.

The post XRP outshines Cardano (ADA) and Solana (SOL) in liquidity ranking appeared first on Invezz

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Liquidity Network (LQD) на Currencies.ru

$ 0 (-0.71%)
Объем 24H $0
Изменеия 24h: 0.12 %, 7d: 6.78 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0057686 (-100%)

liquidity solana cardano measuring crucial report showed

liquidity solana → Результатов: 67


Hubble Protocol Launches Kamino Finance To Optimize Yields for Solana Liquidity Providers

Hubble Protocol, home of the USDH stablecoin, has launched Kamino Finance: the first concentrated liquidity market maker (CLMM) optimizer of its kind on the Solana blockchain.  Kamino Finance, launching initially on next-generation decentralized exchange (DEX) Orca, will allow users to earn higher yields in a fully automated way simply by depositing their crypto into vaults … Continued The post Hubble Protocol Launches Kamino Finance To Optimize Yields for Solana Liquidity Providers appeared first on BeInCrypto.

2022-8-30 15:05


Фото:

Alfprotocol CEO Matas Sauciunas: “We aim to become a homepage for DeFi on Solana”

Matas Sauciunas, CEO of ALF Protocol, one of the most fascinating DeFi projects of the year, shares insights on the project. Matas and his team have already received considerable Venture Capital money, which they have used to design a protocol for capital deployment on Solana for liquidity provision and yield farming. Alf wants to be […]

2022-2-21 13:54


Фото:

Cyclos And Solatars Partner Up To Launch “Le Cougar Clique” Solana NFT Collection

Cyclos announced today it has partnered up with Solatars to launch a unique NFT collection, Le Cougar Clique. Cyclos, a concentrated liquidity market maker on Solana and Solatars, a collation of generated avatars living as NFTs on Solana, will be working together to launch Le Cougar Clique, which will be tied to the CycloSwap DeFi […]

2021-11-25 22:59


Фото:

Alfprotocol: Solana-Based dApp Increasing Capital Efficiency Using Arbitrary Curves

Alfprotocol is an interstellar liquidity platform deployed on the Solana blockchain. The core products of this protocol are providing liquidity and yield farming. Alfprotocol is made up of four key features that include: Leveraged Liquidity Provisions, Arbitrary Invariant Swap Market, DAO Module Staking, and Community Governance.

2021-11-23 01:54


Фото:

Solana-based Concentrated Liquidity AMM Cyclos Raises $2.1 in Latest Funding Round

Solana-based DeFi project Cyclos today announced it had successfully raised a total of $2.1 million combined from a private and a public funding round. Developing the First Concentrated Liquidity AMM on Solana Per the announcement, Cyclos will use the funds toward developing the first concentrated liquidity AMM on the Solana blockchain. The AMM will enableRead More

2021-9-6 16:00