A recent report by Kaiko evaluated the liquidity ranking of various cryptocurrencies, including XRP, SOL, BTC, and ETH. Kaiko introduced the liquidity ranking indicator to address the limitations of using market cap alone to measure a token's value. Only a few large-cap tokens, including XRP, BTC, ETH, and SOL, have liquidity rankings that closely match their market cap. This means that market capitalization can be a misleading indicator of liquidity due to limited trading pairs and locked supply. XRP's trading volume has been increasing, surpassing ETH on Coinbase, and its rise in volume coincided with the anticipation of XRP exchange-traded funds (ETFs) and SEC acknowledging XRP ETF filings. This could potentially lead to increased trading-related revenues for XRP in the future.



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