Kaiko Says Weekly Spot Volume in Top 10 Crypto Tokens Fell to $80 Billion, Less Than Half of 2025
Summary
- Kaiko said weekly average spot trading volume in the top 10 cryptocurrencies totaled about $80 billion this year, down to less than half of last year's $178 billion.
- Kaiko said lower market volatility, a broader wait-and-see stance among investors, slower trading in US spot Bitcoin ETFs and reduced institutional participation were behind the drop in volume and weaker market liquidity.
- Market participants said uncertainty over US interest-rate policy and geopolitical risks in the Middle East are continuing to weaken risk appetite, though some long-term investors said the institutional demand base remains intact and the market structure is stable.
Forecast Trend Report by Period
Weekly spot trading volume in the top 10 cryptocurrencies has fallen sharply this year from last year, highlighting weaker investor sentiment and softer trading activity.
Crypto data provider Kaiko said on May 26 that weekly average spot trading volume for the top 10 digital assets was about $80 billion this year.
That was less than half of last year's weekly average of $178 billion. Kaiko attributed the decline to lower market volatility and a growing wait-and-see approach among investors.
Slower trading in US spot Bitcoin exchange-traded funds and reduced institutional participation also weakened market liquidity, it said. Some on-chain analytics firms have recently reported continued spot ETF outflows and lower trading volumes.
Market participants also point to uncertainty over US interest-rate policy and geopolitical risks in the Middle East as factors dampening appetite for risk assets. Still, some long-term investors say the market's underlying structure remains stable because institutional demand remains intact.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
