Research firm Kaiko has published its token liquidity rankings for Q3.
The chart of the day is brought to you by crypto dot com. The world's fastest growing crypto app. Let's take a look at the chart of the day. Research firm Cicco has published its Token Liquidity rankings for Q three. This chart shows Bitcoin and Ether are the top two tokens by both market cap and liquidity as expected B and B in the third spot. However, underperformed this quarter ship and Avax also fell on the rankings while Bitcoin Cash was the top gainer. Meanwhile, Bitcoin and Ether again made up the top two tokens by volume. Yet. Kao notes, this has been the slowest quarter by volume since the early bull market in 2020. This could concern investors as volumes are critical for liquidity and in terms of market depth or the value of the bids and asks within a certain percentage of the mid price. Bitcoin and Ethers 1% depth has fallen significantly since the start of the quarter. While liquidity is nearly identical to where it was the reshuffling of alt coin liquidity lends credence to the sentiment that alt coin trading has become a zero sum game metrics like liquidity volume and market depth are all helpful indicators for measuring a token's true value. That's it for today's chart of the day. I'm Jen Senai. We'll see you next time to unpack more of the data behind top news stories.