[Korea crypto watch] ONDO’s Korean trading share is 29 times its overseas share

ONDO had the largest gap between its Korean and overseas trading shares, with its Korean share about 29 times higher. RLUSD led the domestic interest index, while WLD combined a high ranking with a weekly price gain.

ONDO accounted for 2.62% of Korean trading against 0.09% overseas, despite an 8.20% weekly price decline. WLD’s Korean share also substantially exceeded its overseas share, while its price rose 0.87% over the week.

In the October 23 snapshot, RLUSD ranked first on the domestic interest index with 86 points and a 3.44% share of Korean trading.

ONDO ranked second with 84.4 points, followed by WLD with 83.1. Their Korean trading shares were 2.62% and 5.97%, respectively. Domestic trading turnover over 24 hours was KRW 32.7 billion for RLUSD, KRW 24.9 billion for ONDO and KRW 56.6 billion for WLD.

The coverage comprised 55 assets traded on both Korean and overseas exchanges.

ONDO’s Korean trading share was 29.0 times its overseas share. STX followed at 19.0 times, WLD at 18.9 times, RLUSD at 18.2 times and SHIB at 11.8 times.

Other assets had a larger presence overseas. BNB accounted for 0.74% of overseas trading and 0.03% in Korea. XAUT’s shares were 0.34% overseas and 0.03% domestically, while USDC’s were 10.72% and 2.28%.

PEPE recorded the strongest increase in trading activity relative to its usual level, alongside a 12.93% daily price gain. ATOM and RLUSD also saw increased activity. APT, ZRO and AERO recorded the sharpest declines in activity.

ENA had the highest kimchi premium—the price difference between Korean and overseas markets—at 0.47%, followed by DOGE at 0.39% and VET at 0.37%. CAKE traded at a 1.36% discount in Korea, while POL and SKY had discounts of 0.46% and 0.45%.

[Editor’s note] Korea crypto watch examines domestic trading through an interest index covering assets traded on both Korean and overseas exchanges. The index combines domestic and overseas trading shares, the kimchi premium and recent changes in trading activity. It centers on actual trading turnover. Domestic share measures an asset’s portion of Korean exchange trading; overseas share measures its portion of overseas trading. A higher domestic-to-overseas ratio indicates greater relative concentration in Korea.