There were several key shifts in positions amongst the top 30 cryptos during the final quarter for 2023, amid the quarter recording high transactional activity compared to the previous quarter.

“As for trading volume, it climbed throughout the year, with 2023 Q4 average daily trading volume at $75.1 billion, a +91.9% QoQ increase,” the report states.

Overall Crypto Trading Volume Sees Decline

A recent report by CoinGecko reveals that the total trading volume for 2023 fell to approximately 70% of the previous year’s level.

“Overall daily trading volume stood at $58.9 billion, which is still -31.6% below 2022 figures.”

Meanwhile, several well-known cryptocurrencies jumped and moved down positions on the top crypto list by market capitalization.

Solana (SOL) jumped from 7th position to 5th position on the top cryptos by market capitalization.

Additionally, the report notes that Solana saw a 917.3% jump in price in 2023, from $10 to $101.30.

On Jan. 15, BeInCrypto reported that Solana coul

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Author: Ciaran Lyons

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