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Trading volumes for altcoins experience a significant decline, according to CryptoQuant., 2026/03/23 14:19:05
The trading volumes of altcoins on the largest cryptocurrency exchange, Binance, currently stand at approximately $7.7 billion, while the total volume on other major platforms has decreased to around $18.8 billion. Analysts from CryptoQuant believe that interest in altcoins is waning.
Current figures are below those recorded in February, when trading volumes for altcoins on major exchanges reached $35 billion. Analysts attribute this trend to the bearish cycle of the cryptocurrency market, as well as to overall global uncertainty, which is unfavorable for high-risk investments.
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“Historically, the most attractive investment opportunities tend to arise when market interest is at a low point, and the majority of investors are sidelined from trading,” explained CryptoQuant experts.
A significant portion of altcoin trading is concentrated on Binance, accounting for nearly 40%. The second-largest exchange is MEXC (7.62%), followed by Bybit (6.07%), according to analysts.
Current metrics are several times lower than those seen in more active months, such as February of this year and October of the previous year. During peak days in February, trading volumes on Binance reached $40–50 billion, while other exchanges saw $91 billion. CryptoQuant attributed the situation with altcoins to investors looking to capitalize on high-yield assets by taking advantage of increased demand to exit those assets.
According to Benjamin Cowen, founder of Into the Cryptoverse, despite the price increase of major altcoins, liquidity is always absorbed by Bitcoin in the later stages of market cycles. Currently, the market capitalization of the leading cryptocurrency is $1.4 trillion, while the total market capitalization of cryptocurrencies is $2.4 trillion. Thus, Bitcoin’s dominance in the digital asset market is approximately 58%.
