- XRP liquidity is concentrated on Bitget, Binance, and Coinbase, totaling 67% depth.
- Solana surpasses XRP in liquidity strength despite its smaller market capitalization.
- DOGE sustains $10–12M liquidity at wide ranges, signaling robust market participation.
Liquidity has emerged as a decisive metric in evaluating the strength and viability of crypto assets, especially for institutional investors. In 2025, CoinGecko’s latest findings reveal that XRP liquidity is heavily centralized on three major exchanges Bitget, Binance, and Coinbase which together control approximately 67% of the token’s trading depth. This concentration indicates growing market maturity, offering a tighter spread at key price levels and reflecting increasing institutional readiness.
Our recent report shows ~67% of $XRP liquidity on CEXes is held by @bitgetglobal, @binance, and @coinbase.
— CoinGecko (@coingecko) June 30, 2025
Bitget leads up to ±$0.006, while Binance and Coinbase close the gap at wider levels of ±$0.02.
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Bitget’s Narrow Edge and Competitive Depth
Among the three top exchanges, Bitget leads XRP liquidity within a very narrow ±$0.006 price range. This indicates strong support from market makers who help stabilize prices and absorb trade pressure near the market rate.
However, Binance and Coinbase gain ground as the depth widens, especially within the ±$0.02 range. Together, the trio controls nearly two-thirds of all XRP liquidity on CEXes. This type of liquidity distribution is important. It not only helps reduce slippage for traders but also serves as a signal of where serious market participation occurs.
Besides XRP, Bitget has also climbed to the top for ETH liquidity within a ±$15 price band. Yet Binance regains dominance at wider ranges, proving its role as a consistent deep-liquidity provider across assets. This dynamic reshuffling of liquidity leadership speaks to the fast-changing nature of crypto markets, where spreads and capital depth play key roles in defining asset credibility.
Solana and Dogecoin Surprise in Liquidity Performance
Solana continues to outperform XRP in liquidity, despite having a smaller market cap. Within a tight ±$1 range, SOL holds about $20 million in liquidity per side. This is nearly 60% of what ETH holds at similar depth. Such strong orderbook resilience for SOL highlights growing market confidence in newer blockchain platforms.
Meanwhile, Dogecoin displays balanced liquidity, particularly within ±2% of market price. Exchanges like Bitget, Binance, and OKX hold over $1 million in liquidity at narrower levels, suggesting consistent market-making activity. Notably, DOGE maintains around $10 to $12 million in liquidity even at wider ranges, a healthy sign for a meme-based asset.
