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Top Assets Held on Uphold Following XRP
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Top Assets Held on Uphold Following XRP

Nov 20, 2023

Kaspa (KAS) and XDC Network (XDC) are gaining traction on the Uphold exchange, ranking close to XRP in terms of user preference. XRP remains the dominant digital asset on Uphold, a well-known American trading platform, holding more than 60% of the total digital assets, which is significantly higher than Bitcoin (BTC) and Ethereum (ETH), each having less than a 10% share.

Uphold's transparency portal reveals that the exchange has reserves worth $2.32 billion, with XRP constituting $1.436 billion of this amount. This is in stark contrast to Bitcoin's $184 million and Ethereum's $88 million. This data translates to Uphold users entrusting the platform with approximately 2.31 billion XRP tokens. Despite their high market values, Bitcoin and Ethereum are not the most popular assets on Uphold after XRP.

Martin Hiesboeck, Uphold's Head of Research, recently tweeted that following XRP, Kaspa (KAS) and XDC Network (XDC) are the most held digital assets on Uphold. The platform's data shows that it holds $52.53 million worth of KAS tokens and $56.54 million in XDC tokens. This means Uphold users have deposited 371 million KAS tokens and over 1 billion XDC tokens.

While Bitcoin and Ethereum have higher dollar values, Hiesboeck's statement suggests that KAS and XDC are more popular among Uphold users, as a smaller number of individuals hold Bitcoin and Ethereum. Notably, KAS once surpassed XRP in 24-hour trading volume on Uphold, although XRP maintains a significant lead in overall transactions, with 18.9 million compared to KAS's 108,700.

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