Tag:

Volume

Token Could Capture 14% of SWIFT’s Volume, Ripple CEO Brad Garlinghouse Says

by admin June 13, 2025

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.

Source link

June 13, 2025 0 comments

Crypto Trends

XRP To Capture 14% Of SWIFT’s Volume, Says Ripple CEO

by admin June 12, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ripple chief executive Brad Garlinghouse used XRPL Apex 2025 to set an audacious target for the company’s native asset. “If you’re driving all the liquidity, that’s good for XRP … so I’ll say five years, 14 percent,” he told the audience, distinguishing sharply between SWIFT’s well-known messaging layer and the liquidity rails that actually move money.

“SWIFT today, there’s two ways to think about SWIFT. There’s messaging and there’s liquidity. Liquidity is owned by the banks. I think less about the messaging and more about liquidity,” the Ripple CEO said.

Garlinghouse’s forecast came during a dialogue with Ripple’s chief technologist David Schwartz, who framed the broader prize: “We’re going to see many, many hundreds of billions of dollars in tokenized … assets fairly quickly.” Schwartz argued that blockchains solve a mundane but stubborn problem in corporate audits—“How do you know I don’t owe somebody money that isn’t in the records you’re checking?”—and that this built-in transparency will accelerate adoption.

What XRP’s 14% SWIFT Takeover Could Mean

Quantifying Garlinghouse’s projection depends on which slice of SWIFT’s activity one counts. From the daily lens, industry data widely quoted in payments-technology literature shows SWIFT messages directing almost $5 trillion every 24 hours. Fourteen percent of that flow is roughly $700 billion per day—a value that could, under Ripple’s thesis, migrate to XRP-based liquidity rails.

From the annual payments lens and the cross-border payment traffic alone, SWIFT has been estimated to settle about $150 trillion a year. Fourteen percent of that narrower baseline would still amount to $21 trillion annually, more than the combined 2024 GDP of Japan and Germany.

Either yard-stick underscores the scale of the ambition: if XRP were to intermediate even the lower $21 trillion figure, its settlement throughput would eclipse that of most major national payment systems.

Garlinghouse’s insistence on “liquidity” rather than “messaging” mirrors Ripple’s strategy since 2018, when it began pitching XRP as a real-time bridge asset for banks preferring to keep nostro-vostro balances lean. SWIFT itself, serving over 11,500 institutions, acknowledges it “sends trillions of dollars every day,” a breadth Ripple cannot ignore.

That focus also explains Ripple’s recent engineering milestones showcased in Singapore: Native support for institutional-grade tokenization modules, aimed at the “hundreds of billions” Schwartz referenced. A re-architected liquidity hub that auto-routes fiat and digital-asset trades to minimize slippage when large banks unwind positions intraday.

XRP is the fourth-largest cryptocurrency by market capitalization, hovering near $132 billion during the conference. Although the token has quadrupled in value since the 2024 US election cycle, turnover remains a fraction of what would be required to handle a multi-hundred-billion-dollar daily flow.

Ripple says its on-demand liquidity corridors processed “single-digit billions” last quarter; scaling to Garlinghouse’s target would therefore entail a two-order-of-magnitude jump.

At press time, XRP traded at $2.25.

XRP price, 1-day chart | Source: XRPUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Source link

June 12, 2025 0 comments

Crypto Trends

Aptos' APT Gains 4% on Significant Volume, Has More Potential Upside

by admin June 10, 2025

Aptos' APT token rallied more than 4% on significant volume, with momentum indicators suggesting more potential upside, according to CoinDesk Research's technical analysis model.

The digital asset broke out of its consolidation phase between $4.65-$4.73, establishing strong support at $4.73 before pushing through previous resistance levels to establish a new local high, according to the model.

The token is currently 2.6% higher, trading around $4.86.

The broader market gauge, the CoinDesk CD20 was 1.75% higher at publication time.

Technical Analysis:

APT rallied from $4.65 to $4.85, representing a 4.3% gain with significant volume confirmation.
Price formed a clear consolidation pattern between $4.65-$4.73 before experiencing a decisive breakout at 09:00 with volume nearly doubling the 24-hour average.
Strong support established at $4.73 with subsequent price action forming an ascending channel with resistance at $4.85.
Substantial volume spike during the 16:00 candle (884,397 units) confirmed buyer conviction as APT pushed through previous resistance levels.
Price formed a distinct pattern of higher lows while encountering resistance at $4.85, which was breached during the 20:01 candle with significant volume (10,126 units).
Key technical development occurred at when price surged from $4.84 to $4.85 with strong volume confirmation (9,094 units).
Support at $4.84 held through subsequent retests, with final minutes showing decisive momentum suggesting potential continuation of the uptrend.

Source link

June 10, 2025 0 comments

GameFi Guides

Bitcoin Investors Enter HODL Mode: CEX Spot Volume Drops To 2020 Lows

by admin June 9, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin is gearing up for a decisive move as price action tightens just below key resistance levels. Bulls are working to push BTC higher and confirm the continuation of the bullish phase, but the market remains cautious. While technical structure still favors the upside, growing macroeconomic uncertainty is casting a shadow over sentiment. Inflation pressures, geopolitical tensions, and tightening global liquidity continue to shake investor confidence across risk assets, and crypto is no exception.

Adding to the mixed outlook, new data from CryptoQuant reveals that average spot trading volume on centralized exchanges has dropped to its lowest level since October 2020. This suggests that participants are sitting on the sidelines, with coins not being actively sold or moved on-chain.

For now, Bitcoin holds above key support and shows signs of strength. But without a surge in volume or a clear catalyst, the next move could be muted — or explosive. The coming days may prove pivotal in determining whether BTC breaks out or stalls once again.

Bitcoin Nears All-Time High As Market Braces for Decisive Move

Bitcoin is now just 6% away from its all-time high of $112,000, and all eyes are on whether bulls can push through this final barrier. After rallying over 50% from the April lows, BTC has entered a consolidation phase just below resistance — a setup that typically precedes a breakout or reversal. The coming move is likely to set the tone for the rest of the market, with momentum either expanding sharply or fading into deeper consolidation.

While the technicals remain strong, macroeconomic headwinds continue to weigh on sentiment. Rising tensions between the US and China, alongside persistently high bond yields, have introduced systemic risk that could spill over into crypto markets. Investors remain cautious, with many waiting for clarity before committing to new positions.

Top analyst Axel Adler shared a key insight from CryptoQuant data: average spot trading volume on centralized exchanges has dropped to its lowest level since October 2020. According to Adler, this suggests that market participants are not selling into strength, nor are they aggressively buying. Coins are being held tightly, with minimal movement on-chain or in spot markets.

Bitcoin CEX Futures vs Spot Trading Volume | Source: Axel Adler on X

This “HODL mode” points to growing long-term conviction among investors, but also reflects uncertainty. The lack of spot activity makes it harder for prices to break out decisively without fresh capital entering the market. Still, if Bitcoin can flip $112K into support, it could trigger a surge of momentum-driven buying.

BTC Approaches Key Resistance

Bitcoin is trading at $107,200 after gaining 1.33% on the day, continuing its rebound from the $103,600 support level. The daily chart shows BTC climbing steadily, reclaiming the 34-day EMA at $103,683 and holding well above the 50-day and 100-day SMAs, currently at $101,906 and $93,053, respectively. This clean reclaim of key moving averages is a bullish technical signal, showing that momentum is gradually shifting back in favor of the bulls.

BTC pushing into higher prices | Source: BTCUSDT chart on TradingView

Price is now approaching the $109,300 resistance level — the final barrier before retesting the all-time high near $112,000. This zone has acted as a ceiling since late May and is now the key level to watch. A daily close above $109,300 would likely trigger a breakout and send BTC into price discovery territory.

Volume remains relatively low compared to earlier surges, suggesting the move is driven more by steady spot demand than aggressive buying. However, the structure remains constructive, with higher lows forming since the early June bounce.

As long as Bitcoin holds above $103,600 and continues to push toward resistance, the broader trend remains intact. A rejection at $109,300, however, could send BTC back into consolidation. The next few sessions will be critical.

Featured image from Dall-E, chart from TradingView

Source link

June 9, 2025 0 comments

GameFi Guides

Hyperliquid’s May Perp Volume Soars 51% to $248 Billion

by admin June 7, 2025

Hyperliquid reached a new all-time high in monthly perpetual futures trading volume in May, processing over $248 billion in trades. This marks a 51.5% increase from April’s total of $187.5 billion.

Hyperliquid’s fast rise is not only about big numbers; it also means centralized exchanges are losing their grip and challenging their dominance. The protocol’s monthly increase of 51.5% from $187.5 billion in April shows that traders are increasingly interested in decentralized trading platforms that do not slow down.

The difference between this year and last year is even more noticeable. The rise from $26.3 billion in May 2024 to the current record is an incredible 843% increase, which makes Hyperliquid the top player in on-chain perpetual futures.

Notably, Hyperliquid is challenging Binance in areas where it had always been unmatched. The protocol is now responsible for 10.54% of Binance’s monthly perpetual volume, which is a record that exceeds April’s 9.76% mark. This change indicates that traders are beginning to move away from centralized platforms and choose decentralized ones instead.

It is successful because it gives users the same advantages as large exchanges, but without the risks of leaving their funds with others. Both retail and institutional traders are attracted to Hyperliquid because of its successful airdrop and the lucrative Season 2 points campaign.

The reason the protocol has succeeded is that it offers a centralized exchange-like experience but without the risks of trusting a custodian. Both retail and institutional traders are attracted to Hyperliquid because of its successful airdrop and the lucrative Season 2 points campaign.

This achievement is a reflection of the overall market situation. The ratio of DEX-to-CEX futures trading in May was 6.84%, almost reaching February’s highest value of 7.06%. This is a huge change from the 2022 market share of less than 2%, as the current average is 6.7% so far this year.

As stablecoin on-ramps and decentralized infrastructure keep improving, industry experts believe DEXs could gain a significant number of users and take over a big part of the derivatives trading market by the end of the year.

Also Read: ETH Season Heats-up: Weekly ETF Inflows in Ethereum Outshine Bitcoin

Source link

June 7, 2025 0 comments

Crypto Trends

Ripple USD (RLUSD) Volume Down 57%, Bigger Threat to XRP?

by admin June 6, 2025

Ripple stablecoin (RLUSD) has seen a sharp drop in volume by over 57% as user demand has declined dramatically. CoinMarketCap data reveals that in the last 24 hours, trading volume has plummeted by a massive 60.14% to $44.63 million.

RLUSD demand dives amid halt in minting activity

The development has sparked debate on how much it could impact XRP, the ecosystem’s native token. Notably, the stablecoin’s low demand suggests that users who once flocked to RLUSD as an alternative to Tether’s USDT and Circle’s USDC might be pulling back.

You Might Also Like

This could imply limited liquidity on the XRP Ledger (XRPL) based on decentralized exchanges and dApps. Low demand might have been responsible for Ripple’s lack of stablecoin activity for the past three weeks.

According to a U.Today report, Ripple Labs, the blockchain payment giant, has not minted RLUSD for over 41 days. The recent drop in volume confirms the analysis that Ripple might have halted the process to maintain supply.

Despite being Ripple’s associated currency, XRP operates on its positive fundamentals and remains independent of RLUSD. Although it is used for cross-border payments, it will likely not suffer any huge impact from the slip in RLUSD volume.

XRP decouples despite RLUSD uncertainty

As of press time, the XRP price was changing hands at $2.18, representing a 0.28% decline in the last 24 hours. The asset is on a rebound journey and has climbed from $2.08 to its current level. Investors in the ecosystem support XRP’s journey as trading volume has surged by a remarkable 75.12% to $3.51 billion.

You Might Also Like

This indicates that although RLUSD has suffered volume collapse, XRP has decoupled from it and is flashing a bullish signal.

It is also likely that RLUSD’s current volume slip is temporary as the broader market signals a trend shift for the stablecoin. Ripple recently received regulatory approval in Dubai, a development that could support improved ecosystem performance in the coming days.

Source link

June 6, 2025 0 comments

Crypto Trends

Bitcoin Settling $7.3B/Day In Volume: How Does Visa Compare?

by admin June 6, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

A report has revealed that Bitcoin is processing $7.3 billion per day in ‘true’ Transfer Volume. Here’s how this compares with traditional processors.

Bitcoin Volume Is Sitting At $7.3 Billion Per Day Right Now

In a new report in collaboration with the CME Group, the on-chain analytics firm Glassnode has talked about how the Transfer Volume on the Bitcoin network has looked lately.

The “Transfer Volume” here refers to an indicator that keeps track of the total amount of the cryptocurrency that’s becoming involved in transactions on the blockchain.

Here is the chart shared in the report that shows the trend in this metric for BTC:

How the transfer volume on the network has changed over the years | Source: Bitcoin – Insights and Market Trends H1 2025

As displayed in the above graph, the daily Bitcoin Transfer Volume has stood at a whopping $48.7 billion recently. This value is larger than the $36.2 billion per day that Visa processes or the $26.7 billion per day that Mastercard does.

This volume, however, is unfiltered, meaning that it contains all the noise that comes with a cryptocurrency blockchain, like transfers between the wallets of the same investor.

The analytics firm has come up with an approach to mitigate this problem:

Glassnode has pioneered the application of advanced filtering heuristics, which allow for the assessment of whether on-chain transaction volumes are economical in nature, or internal transactions such as wallet management by exchanges like Coinbase and Binance.

The modified version of the indicator to account for this is called the Entity-Adjusted Volume. This metric only keeps track of the transfers happening between two separate ‘entities,’ where an entity is a cluster of addresses that belong to the same investor.

“Once this filtering is applied, the economic transfer volumes are closer to $7.3 billion per day, totalling $2.9T across 2024,” notes the report. This value is lesser than the volume being processed by the traditional payment processors, but is nonetheless impressive.

In the same report, Glassnode has also shared a zoomed out view of the Bitcoin “Realized Cap,” which measures the total value of the BTC supply by assuming that the value of each individual token is equal to the price at which it was last transacted on the blockchain.

In short, what this indicator represents is the total amount of capital that the investors as a whole have put into the cryptocurrency.

Looks like the value of the metric has been climbing up for a while now | Source: Bitcoin – Insights and Market Trends H1 2025

From the chart, it’s apparent that the BTC Realized Cap stood at $400 billion in November 2022, when the bear market reached its bottom. Since then, the metric has grown to a massive $872 billion. “This suggests that Bitcoin has since absorbed a staggering +$472B of fresh capital inflows during the current cycle,” says the analytics firm.

BTC Price

Bitcoin has seen a plunge of almost 3% in the past day as its price has come down to $101,000.

The trend in the BTC price over the past five days | Source: BTCUSDT on TradingView

Featured image from Dall-E, Glassnode.com, chart from TradingView.com

Source link

June 6, 2025 0 comments

Crypto Trends

Uniswap gains protocol volume while Lightchain AI gains attention from market movers

by admin June 4, 2025

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Uniswap strengthens its DeFi dominance through growing L2 adoption, while Lightchain AI captures rising interest from strategic investors ahead of its mainnet launch.

Uniswap continues to gain protocol volume, strengthening its position as a leading decentralized exchange with growing user activity. Meanwhile, Lightchain AI is drawing a different kind of attention, speculative interest from real market movers and strategic investors. Having completed all 15 presale stages and now entering the Bonus Round, Lightchain AI is gaining momentum through its AI-native blockchain infrastructure.

Featuring a purpose-built virtual machine and a consensus model that rewards meaningful computation, the platform appeals to those seeking innovation and long-term value. As the July 2025 mainnet launch approaches, Lightchain AI is quietly becoming a major focus for savvy market participants.

Uniswap strengthens lead with consistent protocol-level activity

Uniswap (UNI) said in the first quarter of 2025 it had generated $140m and had $95m on its balance sheet, which it described as a strong financial profile.

One of the key contributors to this rapid increase is the transition of trading activity to L2 networks. Rather incredibly, Unichain (Uniswap’s L2 scaling solution on Optimism’s superchain) supports 75% of Uniswap v4 transaction volume, more than on Ethereum mainnet. This move has been encouraged by Unichain’s speedier transactions and lower fees which improve people’s experience, and its potential to scale further.

Additionally, with Uniswap’s move to L2 platforms like Base, volumes have soared to new highs with the protocol hitting more than $15.65 billion in monthly trading volume on Base in January of 2025. These developments illustrate how and why Uniswap is so central to the ever-evolving DeFi infrastructure.

Lightchain AI draws interest from high-impact market participants

Lightchain AI is drawing speculative interest from high-impact market participants who see beyond surface-level hype. With all 15 presale stages completed and a $21 million raise secured, the Bonus Round now offers fixed pricing, creating an ideal entry point for strategic buyers.

Unlike typical projects, Lightchain’s appeal lies in its substance; a builder-first tokenomics model, public GitHub launch at mainnet, and a $150,000 grant fund already fueling development. High-performance infrastructure, featuring sharding for scalability, Zero-Knowledge Proofs for privacy, and a fully operational AIVM, reinforces its technical strength.

Token holders participate in democratized governance, ensuring community-driven growth. Lightchain AI is rapidly becoming the platform of choice for those who recognize smart innovation and want exposure before the broader market catches on.

Investors flock to Lightchain AI tokens

Lightchain AI tokens are users’ chance to support a platform built on innovation, with cutting-edge features, a rock-solid technical foundation, and a community-driven governance model.

By securing tokens now, traders are not just joining a revolutionary platform, they are positioning themselves to benefit as its value grows. With a $150,000 grant already driving rapid development, Lightchain AI is set to take the crypto world by storm.

To learn more about Lightchain AI, visit the website, X, or Telegram.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Source link

June 4, 2025 0 comments

GameFi Guides

10,620,000,000 in 24 Hours, Shiba Inu Sets Unexpected Volume Record

by admin June 2, 2025

Shiba Inu’s (SHIB) trading volume has crashed within the last 24 hours as prices continue to experience downward movement within the same time frame. After breaching the $0.000013 support, SHIB has continued to fluctuate despite bullish sentiment in the community.

Shiba Inu volume plunges despite market activity

According to CoinMarketCap data, Shiba Inu recorded a 12.3% decline in volume to $135.73 million. This amounts to 10,620,000,000 SHIB within the past 24 hours. This massive crash is one of the highest among altcoins within this period. This suggests that the dog-themed meme coin remains troubled as investors monitor trends.

You Might Also Like

SHIB’s volatility had plunged the meme coin to a depth of $0.00001272 as the sell pressure mounted before posting a recovery. It is changing hands at $0.00001283, representing a 0.43% increase in the last 24 hours.

The 10.62 billion tokens are unusual compared to the performance of other altcoins. The king of the meme coins, Dogecoin, also suffered a similar decline, with an 8.78% drop to $979.47 million.

This unexpected drop might have triggered large holders to sell off in either a profit-taking or portfolio rebalancing move.

Meanwhile, SHIB’s burn mechanism, designed to reduce circulating supply, has also dramatically dropped. In the last 24 hours, the burn rate plummeted by 20.64% as only 16,457,713 SHIB tokens were incinerated.

SHIB’s June historic red streak and 2025 hopes

As U.Today reported, June is a bearish month for the meme coin. Shiba Inu has never closed the month of June in the positive. It has always posted red candles for the altcoin.

You Might Also Like

Technical indicators of SHIB have not shown enough promise that the token could reverse this trend. Most of the metrics for a potential rebound remain in the red zone and bearish.

Despite these signals, traders remain optimistic that SHIB might register a surprise in 2025. They anticipate a possible rally soon and see this period as a consolidation phase for the meme coin.

Source link

June 2, 2025 0 comments

GameFi Guides

Hyperliquid surges in May, cumulative volume exceeds $242b

by admin June 2, 2025

Hyperliquid, the biggest player in decentralized perpetual futures, had its best month ever as volume on its platform soared and its token surged to a record high.

Hyperliquid (HYPE) price soared to $39.92 on May 26, up by over 327% from its lowest point in April. This surge brought its market cap to over $10.9 billion and the fully diluted valuation to over $35 billion.

Data shows that Hyperliquid had a cumulative volume of over $242 billion in May, much higher than other companies combined. Jupiter had $19.78 billion in volume, while Apex Protocol, APX Finance, and edgeX had less than $10 billion each.

Hyperliquid’s volume in May was much higher than April’s $187 billion and March’s $175 billion. This growth means that Hyperliquid has processed tokens valued at over $1.6 trillion since its inception.

Hyperliquid now competes with top centralized exchanges like Binance, Bybit, and Bitget. It handled over $4 billion in assets in the last 24 hours, while the three centralized platforms handled $41.27 billion, $15 billion, and $14 billion.

The soaring volume made Hyperliquid one of the most profitable players in the crypto industry. It made over $69 million in fees in May. That’s higher than Ethereum (ETH), Raydium (RAY), and BSC Chain, which made $40 million, $42 million, and $15 million, respectively.

Hyperliquid’s volume rebounded as the crypto market bounced back, with Bitcoin soaring to a record high of $111,900, and the market cap of all coins crossing the $3.5 trillion market cap.

HYPE price technical analysis

HYPE price chart | Source: crypto.news

The 12-hour chart shows that the HYPE price bottomed at $9.2952 on April 7, then surged to $39.92 in May. It formed a cup-and-handle pattern whose upper side was at $28.40. A C&H pattern is one of technical analysis’s most bullish continuation patterns.

HYPE has pulled back as the crypto market crash continued.

The most likely scenario is it drops and retests the upper side of the cup and then resumes the uptrend. This performance is known as a break-and-retest and is a popular continuation sign.

Source link

June 2, 2025 0 comments