[Korean crypto market] WLD’s Korean trading share runs 62.3 times its overseas share

ONDO led the domestic interest index, while ONDO and WLD each had a Korean trading share more than 60 times their overseas share. USDC recorded the highest trading-surge reading.

WLD’s Korean trading share was 62.3 times its overseas share despite a 15.80% price decline over the past week. ONDO also showed a large domestic concentration, illustrating how local trading activity can diverge from price performance.

As of October 31, ONDO ranked first in the domestic interest index with 87.9 points. It accounted for 2.81% of Korean trading volume.

ENA ranked second with 85.7 points, followed by WLD with 80.6. Their domestic trading shares were 3.01% and 3.16%, respectively. Domestic trading turnover over 24 hours was approximately KRW 30.3 billion for ONDO, KRW 32.5 billion for ENA and KRW 34.2 billion for WLD.

The dataset covered 52 assets traded on both domestic and overseas exchanges.

ONDO had the largest domestic-to-overseas trading-share ratio. Its Korean share was 2.81%, compared with 0.04% overseas, a ratio of 62.5 times. WLD followed at 62.3 times, XLM at 32.2 times and ENA at 25.2 times.

Other assets were more prominent overseas. XAUT accounted for 35.94% of overseas trading but just 0.06% domestically. HYPE’s overseas and domestic shares were 0.44% and 0.02%, respectively, while BNB’s were 0.25% and 0.04%.

USDC showed the strongest increase in trading relative to usual activity, alongside a 0.02% price gain over 24 hours. XAUT and BTC also recorded elevated activity. FIL, WLD and ARB had the weakest trading-surge readings.

TRX had the highest kimchi premium—the price difference between Korean and overseas markets—at 0.70%, followed by FIL at 0.33% and DOGE at 0.31%. SKY traded at a 0.37% discount domestically, while JST and CRO each showed a negative premium of 0.35%.

[Editor’s note] This column tracks Korean crypto market activity through a trading-based interest index. It covers assets traded on both domestic and overseas exchanges. The index combines domestic trading share, overseas trading share, the kimchi premium and recent trading surges, centering on actual trading turnover. Domestic share measures an asset’s portion of trading on Korean exchanges; overseas share measures its portion of overseas trading. Comparing the two shows where trading activity is concentrated.