[Korea crypto watch] XRP leads interest ranking at 89.9 points, with 14.57% trading share

XRP led the Korean market interest ranking with 89.9 points and a 14.57% domestic trading share. ONDO showed the largest gap between domestic and global trading shares, while ENA ranked second as trading activity increased.

ONDO’s share of Korean trading was 29.4 times its global share. WLD also showed a strong domestic concentration, with a 5.12% Korean trading share against 0.23% globally.

The October 22 data placed XRP first in the interest ranking. Its domestic trading volume reached 185.64 billion won, compared with a global trading share of 1.32%.

ENA followed with 83.6 points and WLD with 81.9 points. Their domestic trading shares were 3.14% and 5.12%, respectively. Domestic trading volume was 39.97 billion won for ENA and 65.24 billion won for WLD.

The dataset covered 57 tokens traded on both domestic and overseas exchanges. ONDO, RLUSD, DOGE, SHIB, SOL, HBAR and NEAR completed the top 10 by interest score.

ONDO had the largest domestic-to-global trading-share ratio, with a 2.42% Korean share against 0.08% globally. WLD followed at 22.2 times, SHIB at 14.0 times and XLM at 12.8 times.

Other tokens had a larger presence overseas. BNB accounted for 0.57% of global trading but 0.02% domestically. USDG had a 0.40% global share against 0.02% domestically, XAUT 0.19% against 0.02%, and USDC 10.56% against 1.71%.

LIT recorded the strongest increase in trading activity relative to its usual level, alongside a 25.47% price gain over seven days. ENA and VVV also showed increased activity. XAUT and DOT recorded declines in the trading-activity measure.

PEPE had the largest Korean price premium over overseas prices, at 0.77%, followed by DOGE at 0.73% and SHIB at 0.49%. CAKE traded at a 1.15% discount, while JST and SKY showed discounts of 0.61% and 0.54%, respectively.

[Editor’s note] This column examines Korean crypto trading through an interest score covering tokens traded on both domestic and overseas exchanges. The score combines domestic trading share, global trading share, the Korean price premium and recent trading activity, with actual trading volume at its core. Domestic share measures a token’s proportion of domestic exchange trading; global share measures its proportion of overseas trading. Comparing the two shows how strongly activity is concentrated in Korea.