XRP Beats Bitcoin, Ethereum, And Dogecoin In This Metric

bitcoinistPublished on 2026-01-17Last updated on 2026-01-17

XRP has just achieved a major milestone, officially surpassing Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) in terms of trading volume. According to a new report, the altcoin has become the most traded asset in all of South Korea, highlighting strong adoption, demand, and liquidity. This latest development underscores the token’s growing dominance in one of the world’s most active crypto markets, even as broader conditions remain volatile.

XRP Outpaces Bitcoin, Ethereum, And Dogecoin As Most Traded Asset

XRP has posted a notable win in one of the world’s most active crypto markets. New data from Upbit, one of South Korea’s largest crypto exchanges, shows the asset outpacing Bitcoin, Ethereum, and Dogecoin in trading volume throughout 2025. Market analyst XFinanceBull highlighted this new achievement in a recent X post after reviewing Upbit’s trading data for 2025.

According to the analyst, the altcoin was confirmed as the most traded digital asset on Upbit. The ranking was based on volume, liquidity, and actual usage rather than price movement. XRP trading pairs consistently led the platform, with the XRP/KRW pair taking the number one position for most of the year. Bitcoin followed in second place, Ethereum ranked third, USDT came fourth, and Dogecoin placed fifth by trading volume.

Notably, the figures were officially verified by Dunamu, the operator of Upbit, on January 2, 2026. On a year-over-year basis, Upbit processes more than $1 trillion in trading volume and accounts for more than 70% of South Korea’s total crypto market. This positions Upbit as the country’s largest crypto exchange and makes it a reliable indicator of usage trends and real retail and institutional demand.

XFinanceBull emphasized that South Korea tends to trade assets with clear real-world use cases and strong liquidity. Because of this, steady trading volume indicates a cryptocurrency is actively being used in the market, not just driven by short-term speculation. The analyst added that XRP’s continued use creates a pull effect, drawing in more capital as liquidity improves.

In established markets like South Korea, assets that perform well are more likely to attract consistent, long-term participation, which can positively impact prices. Following the recent development, XFinanceBull reinforced his bullish stance on the altcoin and stated he plans to accumulate even more of the cryptocurrency.

Upbit’s Report On XRP’s Performance

Upbit’s 2025 data shows that the altcoin consistently accounted for between 15% and 22% of the exchange’s daily trading activity, across a total annual trading volume of $1 trillion. As mentioned before, XRP/KRW was ranked the top trading pair for that year. Its daily volume peaked at $1.22 billion in July 2025, demonstrating sustained retail-driven liquidity and stable support.

In terms of liquidity, XRP outperformed BTC and ETH multiple times. By year-end, Korean exchanges had accumulated around 570 million XRP, reinforcing the token’s role as a primary transactional and economic asset in the country. User data also shows Upbit serves about 13.26 million users, almost one in four people in South Korea. The largest age group is users in their 30s, making up approximately 28.7% of the exchange.

XRP trading at $2.05 on the 1D chart | Source: XRPUSDT on Tradingview.com

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Related Questions

QWhich cryptocurrency became the most traded asset in South Korea in 2025, according to the article?

AXRP became the most traded asset in South Korea in 2025, surpassing Bitcoin, Ethereum, and Dogecoin in trading volume on the Upbit exchange.

QOn which major South Korean exchange was XRP confirmed as the most traded digital asset?

AXRP was confirmed as the most traded digital asset on Upbit, South Korea's largest crypto exchange which processes over 70% of the country's total crypto market volume.

QWhat specific trading pair was ranked number one on Upbit for most of 2025?

AThe XRP/KRW (XRP to South Korean Won) trading pair was the number one ranked pair on Upbit for most of the year 2025.

QAccording to the analyst, what does steady trading volume in the South Korean market indicate about a cryptocurrency?

AAccording to analyst XFinanceBull, steady trading volume in South Korea indicates that a cryptocurrency is actively being used in the market with real-world use cases and strong liquidity, rather than being driven solely by short-term speculation.

QHow much XRP had Korean exchanges accumulated by the end of the year, reinforcing its role in the country?

ABy the end of the year, Korean exchanges had accumulated around 570 million XRP, reinforcing the token's role as a primary transactional and economic asset in the country.

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