• Kaiko Data’s research analyst Conor Ryder utilized market depth, volumes and spreads to rank the top 30 tokens in liquidity.
• The study revealed which tokens were most misleading in terms of their market cap and liquidity score. This information is valuable for investors.
• The report highlights many examples, including Binance Coin (BNB), that is less liquid than its market capital rank suggests.

Kaiko Data’s Research Analyst Conor Ryder has released a report on the liquidity of top 30 tokens in cryptocurrency market. Utilizing Market depth, volumes and spreads, he was able to calculate an asset liquidity score and rank each token.

Liquidity Score of the top crypto exchanges, ranked by Kaiko

The research’s findings are available here Ryder Shared in a thread TwitterThe following chart shows which tokens have the highest misleading market cap compared to their liquidity score. Relying solely on market capital to assess cryptocurrency can lead to issues. It doesn’t take into consideration factors such as token lockup periods or insider-held stocks, which can lead to inaccurate investment decisions and assessments. This Data can help investors make informed decisions about cryptocurrency investments.

I used: 1. Market Depth to rank the top 30 crypto tokens by liquidity.2. Volumes3. SpreadsUsing These ranks gave me an overall asset liquidity score. This can be compared with its market capital to identify misleading tokens. Results in a short below pic.twitter.com/PNVVK7LmGN

— Conor Ryder (@ConorRyder) April 11, 2023

According To Ryder’s research, (DOGE) and (LTC) were among the standouts in the volumes category, while (DOT) did not perform as well. Meanwhile?, (SOL), and Binance Coin (BNB) were a standout for market depth. Binance Coin This category was a failure.

Moreover, Polygon (MATIC) Cosmos The standouts in bid spreads were (ATOM), which indicate a high level or liquidity. However, Solana (SOL) didn’t perform as well in this category.

According To the report, Cosmos (ATOM), which saw a substantial improvement in liquidity, moved up five spots in rankings. Alternatively, you can choose to have both (FIL or both) Litecoin However, liquidity in (LTC) has increased although Ryder These changes may have been caused by wash trading, which is a possibility.

On the other hand, Binance Coin (BNB), which saw a significant drop in liquidity, moved down six spots in rankings. Tron (TRX), also suffered a drop, dropping three spots in the rankings.

The report highlights several examples. Binance Coin (BNB), which has a lower liquidity than its market capital rank suggests, is Polygon (MATIC), is liquider than its market capital rank suggests. In addition, Solana (SOL), Polkadot (DOT) and (SHIB), are less liquid than their market caps rank suggests, Alpha Token (APT is more liquid.

Liquidity The ranking of the most popular crypto tokens Kaiko

Reports also indicate that in the last four weeks, has risen by almost 40%. This is mainly due to the contributions of retail investors.

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