Trading volume plays a key role in the cryptocurrency market. It shows the demand for a given currency and how liquid it is. Cryptocurrencies with the highest trading volume are often considered the most important and stable, even though their price can still be very volatile.
Among the cryptocurrencies with the highest trading volume is Bitcoin (BTC), which is the pioneer and king of the entire market. Although its price is high, the huge number of transactions and its wide acceptance make it the most traded asset.
Next in line is usually Ethereum (ETH), which is known for its smart contracts and platform for decentralized applications. It also has a large trading volume because it is often used as a means of financing other projects.
So-called stablecoins, such as Tether (USDT) and USD Coin (USDC), also have high trading volumes. These cryptocurrencies are designed to maintain a stable value, usually at a 1:1 ratio to the US dollar. Their high trading volume is due to the fact that they are often used as a digital alternative to the dollar for quick transfers between exchanges and as a safe haven in times of volatility.
In addition to these giants, other well-known projects such as Solana (SOL), XRP, Cardano (ADA), and Dogecoin (DOGE) also appear on the list of most traded cryptocurrencies, thanks to their strong communities, technological innovations, or speculative interest. However, the exact ranking can change daily depending on market events.