In December 2025, trading volumes of key altcoins dropped to the lowest levels seen during the year. The decline affected major coins and was evident on the spot market through reduced investor and trader activity. Liquidity concentration on large exchanges remains notable, amplifying the visibility of volume losses for several altcoins.
Overall Decline in Altcoin Trading Volumes
Data on actual trading volumes shows investor activity in December fell to yearly lows, impacting all major altcoins. The market overall demonstrated caution and a lack of clear direction, with traders mostly adopting a wait-and-see approach. Reviews of publications and materials from key platforms, including Binance and Solana, confirm the general picture of reduced trading activity.
XRP Trading Volumes in December 2025
In December, the total XRP trading volume on major exchanges was about $32 billion, marking the lowest figure for this cryptocurrency in 2025. Approximately $12.3 billion of this turnover occurred on Binance, indicating a high liquidity concentration for XRP on this platform. The decline in activity was observed both globally and on leading spot exchanges.
BNB Trading Volumes in December 2025
For BNB, the total trading volume in December was around $13.7 billion, with about $12.6 billion on Binance. This represented one of the lowest volumes for BNB throughout 2025. Binance's share of BNB turnover remains high, increasing the impact of a single platform's behavior on the token's overall liquidity.
SOL Trading Volumes in December 2025
SOL showed higher absolute volume figures but was also under pressure: total trading volume in December reached approximately $43 billion. Of this, around $23.1 billion passed through Binance, again highlighting the significant role of one exchange in liquidity distribution. For SOL, this was the lowest real trading volume on major exchanges since late 2024.
ADA Trading Volumes in December 2025
ADA also experienced a liquidity decline: total trading volume in December was about $3.8 billion. Approximately $1.87 billion of this was on Binance, making December one of the weakest months for ADA volumes since mid-2024. The drop in ADA volumes coincided with a general lull in the altcoin market.
Causes and Consequences of the Trading Volume Decline
The published material points to cautious market sentiment and traders' wait-and-see stance as key factors behind the volume decrease. Most participants remain focused on Bitcoin's movement and its ability to set market direction, while some also monitor data on other major assets, such as Ethereum's volume. As a result, spot exchanges maintain high liquidity concentration for certain tokens, while the overall market experiences a temporary lull.
Why This Matters
If you are a miner with a small farm or a few hundred devices, the decline in altcoin volumes primarily affects liquidity when selling mined coins: spreads between orders may widen and market depth may shrink, complicating quick position liquidation. However, trading volumes themselves do not change the technical mining process but require greater caution when planning sales and managing token inventories.
For miners in Russia, this means that when converting accumulated funds, it is important to check the target coin markets in advance and consider liquidity shares on major exchanges to avoid selling at unfavorable times. At the same time, reduced trader activity can cause larger price swings during large orders, so monitoring current market depth is crucial.
What to Do?
A short list of practical steps for miners looking to reduce risks amid low trading activity:
- Check market depth and spreads on exchanges before selling — this helps estimate how much can be withdrawn without significant slippage.
- Consider distributing sales across multiple platforms if liquidity is concentrated on one exchange to reduce the impact of local volume spikes.
- Keep reserves in stable assets or fiat to quickly cover operational expenses without selling core token holdings.
- Plan mined coin sales in advance and, if possible, break large sales into several tranches.
- Follow market news and trading volumes on key exchanges to respond promptly to changes in liquidity and sentiment.