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Time Details
2025-07-02
16:45
Bitget Outpaces Binance in Altcoin Liquidity for SOL, XRP, DOGE; BNB Price Climbs on Surging Chain Activity

According to @cas_abbe, new research from CoinGecko indicates that the Bitget exchange offers superior liquidity for major altcoins like Solana (SOL), XRP (XRP), and Dogecoin (DOGE), particularly for traders executing large orders within tight price intervals. The study, which analyzed order books from March to May, found Bitget leads in liquidity within the 0.3%-0.5% market depth range for these altcoins, potentially offering lower slippage for whale traders. In contrast, the same research confirms that Binance maintains its dominance in Bitcoin (BTC) liquidity across all measured levels. For instance, Bitget held a 32% share of SOL liquidity in the 0.6% range and was dominant for XRP at the 0.3% depth, as cited in the report. Separately, Binance Coin (BNB) has demonstrated price strength, driven by a massive increase in BNB Chain usage. On-chain data from Nansen reveals daily transactions surged from approximately 4 million to over 16 million recently. Furthermore, DeFiLlama data shows BNB Chain's monthly DEX volume exceeded $104 billion, outpacing both the Ethereum and Solana networks. While technical analysis suggests a building uptrend for BNB with a pattern of higher lows and strong volume, a 6.9% weekly drop in derivatives open interest to $750 million signals some caution among traders.

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