Binance is becoming a trading platform for altcoins, which account for up to 60% of all trades.
Meanwhile, Bitcoin and Ethereum activity is declining due to persistent selling pressure and low volumes.
The market downturn hasn't prevented Binance from returning to altcoin trading levels seen in early 2025, and this metric shows no signs of slowing.
Despite the relatively slow growth of altcoins, Binance's asset allocation has several unique features. The exchange offers record stablecoin liquidity, allowing for ample capital for trades. Furthermore, the exchange offers the most liquid tokens, allowing for speculative trading with sufficient liquidity.
The additional activity is due to the excessive growth in the price of individual tokens. ZEC and Aster (ASTER) have become the leaders, surpassing BTC. However, less popular or forgotten altcoins remain illiquid and risky.
Despite the relatively high share of altcoins on Binance, traders remain cautious. By comparison, in early October, in anticipation of the "green month," token trading peaked at over 82% of all activity on the crypto exchange.