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Crypto data provider Kaiko has released a new quarterly report evaluating cryptocurrencies based on their liquidity.
BTC ETH and XRP shared the top 3 places with the liquidity score created by considering volume data and market depth.
Big drop in ATOM, FIL and MATIC.
According to the research, ATOM experienced a big drop in liquidity ranking compared to the previous quarter and fell to 18th place. The reason for this is thought to be because market makers stayed away from this cryptocurrency after the SEC classified ATOM as an investment contract. FIL was another cryptocurrency that was negatively affected by the lawsuits filed by the SEC. Cryptocurrency has lost 7 places in the liquidity ranking since last quarter. On the other hand, MATIC also fell victim to the SEC lawsuit. While MATIC was ranked 3rd in the first quarter, it fell 5 places to 8th place.
ARB and APT pass the liquidity class
The APT token of the Aptos blockchain has achieved a liquidity score that far exceeds its market cap. In the report, it was noted that ARB and APT are among the most liquid tokens by market size.
Worst by market value
LEO, TON, TRX and OKB showed the worst liquidity performance by market values. There is a large negative deviation in the liquidity of these cryptocurrencies relative to the market value.
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