Something interesting is happening on Binance. Altcoins now account for more than 60% of all trading volume on the exchange, according to CryptoQuant contributor Maartunn. Bitcoin, the asset that typically dominates the conversation, has been pushed down to just 22% of volume. Ethereum sits at 18%.
In English: for every $10 traded on the world’s largest crypto exchange, more than $6 is going to something other than Bitcoin or Ethereum.
The numbers behind the rotation
This marks the highest altcoin market share on Binance since early 2025, according to CryptoQuant’s analysis.
No specific altcoins were singled out in the data. This isn’t a case of one meme coin going viral and skewing the numbers. It’s a broad-based rotation across the entire altcoin category.
