Recent data from CryptoQuant reveals that Altcoin Trading on Binance has surpassed 60% of the platform’s total activity. This increase confirms Binance as a primary venue for alternative token exchange. This preference occurs while Bitcoin (BTC) and Ethereum (ETH) trading volume shows a marked slowdown and constant selling pressure.
Unique platform factors are driving this resurgence in altcoin volume to early 2025 levels. Binance offers record stablecoin liquidity and hosts liquid altcoins, fostering short-term speculation. The curation of specific projects and the participation of market makers have boosted volume. This selective approach has benefited assets like ZCash (ZEC) and Aster (ASTER), which are outperforming BTC.
Caution persists, with the altcoin season index at only 26 points, despite the high percentage of activity. Capital flows are concentrated in specific “blue chip” tokens and ecosystems, without a generalized boost for all assets. Investors should monitor the growing influence of the derivatives market and arbitrage, as some activity has shifted to DEX platforms like Hyperliquid.
Source: https://cryptoquant.com/analytics/query/687cd646448d502c8ffd1007?v=687cd7d65838ac598078d3c7
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