[Coin Analyst] ONDO Dominates Domestic Trading with 21x Higher Local Share Than Global

Domestic cryptocurrency trading in South Korea has seen XRP account for 31.86% of volume, according to TokenPost PRO data as of 5 p.m. on September 16. ONDO and WLD showed significantly higher domestic trading shares compared to global averages—20.6x and 17.3x respectively—with XLM and HBAR also seeing increased domestic activity compared to the previous week.

As of September 16 at 5 p.m., XRP led in domestic interest score with 94.1 points, followed by XLM at 92.9 and ONDO at 74.6. Domestic trading shares were 3.15% for XLM and 1.36% for ONDO, compared to XRP's dominant 31.86%. Daily domestic trading volume stood at KRW 40.44 billion for XRP, KRW 3.99 billion for XLM, and KRW 1.73 billion for ONDO.

Among the 55 tokens traded both domestically and globally, the top 10 accounted for 44.4% of domestic trading volume. ONDO had the highest disparity between domestic and global share (1.36% vs. 0.07%), followed by WLD (1.29% vs. 0.07%), XLM (1.58% vs. 0.13%), and XRP (4.06% vs. 0.38%). Conversely, tokens like USD1 (global 0.76%, domestic 0.01%) and BNB (global 0.68%, domestic 0.03%) showed stronger international trading presence.

Domestic exchange share across five Korean exchanges plus Binance stood at 16.00% as of September 14, down from 18.90% 30 days prior. The figure represents the proportion of total volume on Binance alone compared to global trading volume.

XLM saw the most significant increase in domestic trading volume over normal levels, with prices rising 1.0% during the same period. XRP and HBAR also experienced higher-than-usual trading activity, while MORPHO, PUMP, and SKY saw decreased trading volumes. The highest kimchi premium was recorded for PEPE at 0.47%, followed by INJ at 0.42% and ATOM at 0.36%. STABLE showed the largest negative premium at -0.56%, with RENDER (-0.35%) and LIT (-0.33%) also posting negative premiums.