[Korean crypto market] XRP leads interest index at 90.7, with 14.68% trading share

ONDO and WLD accounted for substantially larger shares of trading in Korea than overseas, while XRP recorded 125.36 billion won in Korean trading volume. Among the leading tokens in the interest index, ENA rose over the week while WLD and ONDO declined.

ONDO’s Korean trading share was 22.5 times its overseas share, the widest gap measured. WLD also showed a strong concentration of trading in Korea despite a weekly price decline. ENA’s weekly gain highlighted the differing price performance among tokens attracting Korean trading activity.

In the October 26 snapshot, XRP ranked first in the Korean interest index with 90.7 points and accounted for 14.68% of Korean trading.

ENA followed with 89 points and ONDO with 86 points. Their Korean trading shares were 3.51% and 2.38%, respectively. Korean trading volume was 125.36 billion won for XRP, 29.96 billion won for ENA and 20.32 billion won for ONDO.

The comparison covered 53 tokens traded on both Korean and overseas exchanges.

ONDO had the largest gap between Korean and overseas trading shares, at 2.38% versus 0.11%. Its Korean share was 22.5 times its overseas share, followed by WLD at 19.5 times, XLM at 11.6 times, XRP at 10.4 times and SHIB at 9.3 times.

Other tokens had a larger trading presence overseas. BNB accounted for 0.83% of overseas trading against 0.03% in Korea. XAUT’s shares were 0.20% overseas and 0.02% in Korea; USDC’s were 10.27% and 2.06%; and ICP’s were 0.05% and 0.02%.

ETC recorded the strongest recent trading surge, while its price rose 0.73% over 24 hours. MNT and ENA also registered increased trading activity. ALGO, SUI and APT recorded the sharpest declines in the trading-surge measure.

CC had the highest kimchi premium—the Korean price premium over overseas markets—at 0.37%, followed by XRP at 0.33% and ZRO at 0.28%. LIT traded at a 0.44% discount in Korea, while JUP and ETHFI each traded at a 0.39% discount.

[Editor’s note] This column examines Korean crypto trading through an interest index covering tokens traded on both Korean and overseas exchanges. The index combines Korean trading share, overseas trading share, the kimchi premium and recent trading surges. It focuses on actual trading value. Korean trading share measures a token’s proportion of trading on Korean exchanges; overseas share measures its proportion of overseas trading. A higher Korean share relative to its overseas share indicates a greater concentration of trading in Korea.