The native token of Ripple – XRP – has topped another recent ranking by becoming the most traded alternative coin on US-available cryptocurrency exchanges this year.

The asset and its surrounding developments have been among the trendiest topics in the crypto community lately, possibly playing a role in the increased trading volume. 

Leaving DOGE and SHIB Behind

According to Kaiko’s analyst Dessislava Ianeva, cumulative trade volume in 2023 involving XRP has soared to $30 billion. It is worth mentioning that the research covers only transactions conducted on US-based crypto exchanges. 

Cumulative trade volume generated from operations with Solana (SOL) ranked second, while Litecoin (LTC) is third.

The popular memecoin Dogecoin (DOGE) was placed fourth, accounting for less than $20 billion of cumulative trade volume. Its most notable rival, Shiba Inu (SHIB), is seventh, making up transactions worth roughly $10 billion (between the start of 2023 and now).

#XRP has overtaken #SOL as the most traded alt on US-available exchanges this year. pic.twitter.com/Qinr3TClhC

— Dessislava Ianeva (@DessislavaIane2) September 19, 2023

Recap of XRP’s Roller-Coaster

The asset’s price exploded in mid-July when a US court ruled in favor of Ripple in its lawsuit against the US Securities and Exchange Commission. Recall that XRP