South Korea’s largest cryptocurrency exchange, Upbit, reported significant increases in trading volumes across various altcoins. Some of them saw sharp increases in activity over the past hour.
Increase in Trading Volumes on Upbit
Upbit, one of the leading cryptocurrency exchanges, reported significant increases in trading volumes for a number of altcoins. In particular, cryptocurrencies such as The Graph (GRT), Loom Network (LOOM), Pendle Network (PENDLE), Cosmos (ATOM), and Beam (BEAM) showed notable growth.
Individual Altcoin Performances
One of the notable jumps was seen in The Graph (GRT), which saw a trading volume increase of 158.17%, from $720,000 to nearly $2 million. Loom Network (LOOM) showed even more dramatic numbers, increasing its trading volume from $82 million to $623 million, a 658.29% increase. Pendle Network (PENDLE) doubled its trading volume to reach $2 million, a 172.55% increase. Cosmos (ATOM) increased by 142.87% to reach $148,000, while Beam (BEAM) increased by 209.70% to $352 million.
Comparison with Binance
Compared to Upbit, the activity on Binance was significantly lower. The trading volume of GRT on Binance remained stable at around $1 million, with only a 7.86% change. LOOM increased by 30.31%, PENDLE's trading volume increased by 35.23%. ATOM showed a decrease of 9.73%, while BEAM fell by 39.80%.
These figures demonstrate unique market behavior across different platforms, highlighting the substantial increase in interest in certain altcoins on Upbit.
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