• A new 2023 Q4 report positioned XRP ahead of BNB, SOL, and ADA regarding liquidity.
• BTC, ETH, XRP, and DOGE retained their top positions in market liquidity ranking.
• BNB drop steps below the liquidity ranking figure observed in 2023 Q3.

Kaiko, an institutional-grade analytic platform, recently released a research report that positioned XRP ahead of competitors such as Binance (BNB), Solana (SOL), and Cardano (ADA) in terms of liquidity.

The report weighed in on the liquidity metric of 50 top-ranking tokens, with the fourth quarter of 2023 being the observation period. Kaiko questioned the conventional use of market capitalization as the primary metric and highlighted the importance of liquidity in accurately assessing the true value of a token.

Tokens are assessed and assigned points based on their 0.1% market depth, 1% market depth, number of liquid exchanges, spreads, and volumes.

Kaiko first pointed out that after a lackluster Q3 marked by multi-…

The post XRP Beats BNB, Solana, and Cardano in the Liquidity Ranking appeared first on Coin Edition.

• A new 2023 Q4 report positioned XRP ahead of BNB, SOL, and ADA regarding liquidity.
• BTC, ETH, XRP, and DOGE retained their top positions in market liquidity ranking.
• BNB drop steps below the liquidity ranking figure observed in 2023 Q3.

Kaiko, an institutional-grade analytic platform, recently released a research report that positioned XRP ahead of competitors such as Binance (BNB), Solana (SOL), and Cardano (ADA) in terms of liquidity.

The report weighed in on the liquidity metric of 50 top-ranking tokens, with the fourth quarter of 2023 being the observation period. Kaiko questioned the conventional use of market capitalization as the primary metric and highlighted the importance of liquidity in accurately assessing the true value of a token.

Tokens are assessed and assigned points based on their 0.1% market depth, 1% market depth, number of liquid exchanges, spreads, and volumes.

Kaiko first pointed out that after a lackluster Q3 marked by multi-…

The post XRP Beats BNB, Solana, and Cardano in the Liquidity Ranking appeared first on Coin Edition.