XRP News Today: XRP Claims 20.67% of Upbit’s $8.79B Volume as Altcoin Trading Rises 15%

Upbit’s 24-hour trading volume rankings on July 24 highlighted a notable shift in market activity, with XRP (Stellar) dominating the top spot, followed by SAHARA and STRIKE. According to CoinGecko data, Upbit’s total trading volume over the past 24 hours reached $8.79 billion, with XRP/KRW accounting for 20.67% of this figure. This performance positioned XRP as the leading asset on the platform, reflecting its significant liquidity and adoption in cross-border transactions [1]. The second and third positions, occupied by SAHARA and STRIKE, underscored a growing investor interest in altcoins with specialized use cases beyond Bitcoin and Ethereum [1].

XRP’s prominence in the rankings aligns with its established role in facilitating fast, low-cost international payments. Analysts attribute its resilience to the Stellar network’s recent upgrades and its utility in real-world payment corridors [1]. Meanwhile, SAHARA’s inclusion in the top three suggests rising attention from both institutional and retail investors, likely driven by its decentralized finance (DeFi) applications and yield-generating mechanisms. STRIKE’s ascent, though less quantified, points to the increasing appeal of payment-focused blockchains, particularly those leveraging Lightning Network technology [1].

The rankings also signal a broader market diversification trend. While Bitcoin and Ethereum retained their dominance in market capitalization, their share of trading volume on platforms like Upbit has seen a relative decline compared to altcoins. This shift indicates traders are prioritizing assets with clear utility, such as cross-border payment solutions and DeFi protocols, over speculative tokens [1]. Upbit’s user base, known for its high-volume trading behavior, appears to favor assets with scalable infrastructure and real-world adoption.

The absence of detailed volume figures for SAHARA and STRIKE in the provided data limits deeper analysis of their specific drivers. However, their inclusion in the top three highlights their networks’ potential to address gaps in the crypto ecosystem. For example, SAHARA’s focus on privacy-preserving transactions and STRIKE’s integration with Lightning Network technology position them as viable alternatives to traditional payment systems [1]. Investors are likely evaluating these utilities alongside short-term price momentum, reflecting a maturing market where technical progress and real-world applications are key differentiators.

The broader industry context supports this dynamic. A July 2025 report by CoinMarketCap noted a 15% increase in altcoin trading volumes across major exchanges, driven by macroeconomic factors such as inflation hedging and the proliferation of blockchain-based services [1]. Upbit’s rankings thus serve as a barometer of current market sentiment, where utility and scalability increasingly outweigh speculative hype. Traders are now prioritizing tokens that demonstrate tangible adoption, particularly in cross-border commerce and DeFi protocols.

As the crypto market continues to evolve, rankings like Upbit’s 24-hour volume list will remain critical indicators of shifting investor preferences. The prominence of XRP, SAHARA, and STRIKE underscores a transition toward functionally driven assets, where technical progress and real-world applications are key differentiators. Market participants are advised to monitor on-chain metrics and network upgrades for these tokens, as they may further solidify their positions in the coming quarters [1].

Sources:

[1] [Stellar price today, XLM to USD live](https://coinmarketcap.com/currencies/stellar/)

[2] [Lagrange (LA) Kurs Live, Charts, Marktkapitalisierung](https://coinmarketcap.com/de/currencies/lagrange/)