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TRUMP’s trading volume conquers both CEXs and DEXs
- TRUMP has become one of the most actively traded coins across both centralized and decentralized exchanges, banking on the controversy and memecoin frenzy that has swept the crypto industry.
- TRUMP has established a strong foothold on centralized exchanges, particularly on Binance, while also dominating activity on decentralized platforms, particularly the Solana-based Meteora and Raydium.
- TRUMP/USDT trading pair has become the third-largest market by volume on Binance, with a staggering $3.11 billion in trading volume over the past 24 hours.
- The TRUMP/USDC pair on Meteora stands out, with $589.9 million in 24-hour volume and a liquidity score of 852—surpassing Binance’s liquidity for the same asset. This makes Meteora one of the most liquid markets for TRUMP.
- While centralized exchanges seem to get more attention, TRUMP has dominated activity on decentralized platforms, particularly the Solana-based Meteora and Raydium.
- TRUMP’s performance across centralized and decentralized exchanges highlights two key trends. First, centralized exchanges like Binance remain liquidity powerhouses, offering stability and high trading volumes that cater to institutional and high-net-worth traders. Second, decentralized exchanges are quickly closing the gap, with platforms like Meteora providing liquidity scores and trading environments that rival or surpass their centralized counterparts.
- TRUMP pairs have also taken over most of Meteora’s activity, accounting for five of Meteora’s top 10 trading pairs, showing that the exchange has been taken over by a speculative boom surrounding the controversial memecoins.
- High trading volumes and price volatility on centralized exchanges draw short-term traders looking for quick gains. On decentralized platforms, the emergence of high-turnover pairs like TRUMP/USDC and TRUMP/SOL indicates strong activity from users who prefer the high-risk, high-reward trading environment of DEXs.
- TRUMP’s liquidity and trading volume have positioned itself at the forefront of the market, banking on the controversy and memecoin frenzy that has swept the crypto industry.
- Other centralized exchanges also saw high TRUMP trading activity, with Bybit’s TRUMP/USDT pair recording $734 million in 24-hour volume, while OKX followed closely with $1.27 billion. Coinbase, while trailing in terms of volume, still captured a significant $262 million.
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