Altcoins Surge to Two-Year High of 65% Binance Trading Volume Share
Altcoins have captured a significant share of Binance trading volume during the latest crypto rally, reaching their largest share in two years. According to an analysis published by Cryptoquant on Aug. 25, altcoins accounted for as much as 65% of Binance volume at the peak of the rally, while bitcoin and ether represented 21% and 13.6%, respectively.
The shift followed a sharp bitcoin advance that drew liquidity and attention back into cryptocurrency markets. Bitcoin crossed $81,000 on Aug. 25 after gaining nearly 30% during the broader rally period referenced by the analyst.
The analysis suggests that altcoins generated substantially more trading turnover as the rally expanded, indicating a potential resurgence of risk appetite across the market.