XRP recently achieved a major milestone, officially surpassing Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) in terms of trading volume. According to a new report, the altcoin has become the best-selling item in all of South Koreahighlighting strong acquisitions, demand, and financing. This latest development underscores the growing dominance of the token in one of the most active crypto markets in the world, as the wider conditions are always changing.
XRP Overtakes Bitcoin, Ethereum, and Dogecoin as Hottest Asset
XRP has posted significant gains one of the most active crypto markets in the world. New data from Upbit, one of South Korea’s largest crypto exchanges, shows the asset surpassing Bitcoin, Ethereum, and Dogecoin in trading volume by 2025. XFinanceBull market analyst highlighted this new success in the latest post of X after updating the trading data of Upbit for 2025.
According to the analyst, the altcoin has been confirmed as the most traded digital asset It’s an upbit. The rate was based on volume, revenue, and actual usage rather than price movements. XRP trading pairs always lead the field, XRP/KRW pairs occupy the first place for most of the year. Bitcoin followed in second place, Ethereum ranked third, USDT came fourth, and Dogecoin ranked fifth in terms of trading volume.
Notably, the statistics were officially confirmed by Dunamu, who operates Upbit, on January 2, 2026. Over the course of the year, Upbit processes a trading volume of more than $1 trillion and counts over 70% of the total South Korean crypto market. This positions Upbit as the largest crypto exchange in the country and makes it a reliable indicator of usage trends and actual retail and institutional demand.
XFinanceBull emphasized that South Korea is very trade oriented properties with clear real-world use cases and strong liquidity. Because of this, the constant trading volume shows that the cryptocurrency is actively used in the market, and not just driven by short-term speculation. The analyst added that Continued use of XRP it creates a drag effect, attracting more money as liquidity improves.
In established markets like South Korea, well-performing assets are likely to attract consistent, long-term participation, which can have a positive impact on prices. Following recent developments, XFinanceBull has strengthened its position on the altcoin and said it plans to accumulate even more of the cryptocurrency.
Upbit Report on XRP Performance
Upbit’s 2025 data shows that altcoins still account for between 15% and 22% of the exchange’s daily trading activity, out of an annual trading volume of $1 trillion. As mentioned earlier, XRP/KRW was ranked among the top traders of that year. Its daily volume reached $ 1.22 billion in July 2025, which shows the continued availability of funds driven by stores and stable support.
Regarding liquidity, XRP has outperformed BTC and ETH many times. By the end of the year, the Korean exchange had accumulated about 570 million XRP, which strengthens the role of tokens as a movement. the basic commodity of trade and economy in the country. User data also shows that Upbit serves about 13.26 million users, about one in four people in South Korea. The largest age group is users in their 30s, making up about 28.7% of exchanges.
Featured image from Freepik, chart from Tradingview.com
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