Binance Hits Record Altcoin Trading Volume as “Altseason” Heats Up

Binance has set a historic record as altcoins captured 82.3% of total trading volume, signaling a new “altseason” fueled by surging institutional inflows and investor demand for non-Bitcoin tokens.

Binance Hits Record Altcoin Trading Volume As Altseason Heats Up

Altcoin trading volume on Binance has reached a new all-time high, accounting for 82.3% of the global altcoin market share, surpassing the previous peak of 76% during the 2021 altcoin season. According to a CryptoQuant analysis, the milestone signals a growing investor preference for non-Bitcoin assets.

Altcoins Outshine Bitcoin

Market data shows capital on Binance is increasingly flowing into altcoins. Tokens such as XPL, ASTR, SOL, ETH, and PUMP have all posted strong gains since July. Notably, ASTR surged more than 250% in just one week following its listing on September 18.

JA Maartum, a CryptoQuant analyst, commented: “Altcoins have never dominated the market like they do now, not even during previous bull runs.” He noted that the current 82.3% share far exceeds the 2021 record.

According to the CMC Altcoin Season Index, altcoin dominance has reached 62%, reflecting a familiar pattern: Bitcoin rallies attract fresh capital, but investors quickly shift toward smaller, riskier tokens in pursuit of higher returns.

Data From Cryptoquant
Data From Cryptoquant

The Coins Leading the Surge

The top performers in this rally include:

  • MYX: up over 13,200% in the past 90 days.

  • MemeCore (M): up over 3,100%.

  • Aster: up over 2,000%.

The Altcoin Season Index officially marks an “altseason” once at least 75% of the top 100 altcoins outperform Bitcoin over a 90-day period.

Institutional Capital Powers the Rally

A major driving force behind the rally is institutional inflows. In August alone, Ether ETFs attracted nearly $4 billion, while Solana and XRP ETFs received more than $1 billion over the past year. The SEC’s recent adjustment of ETF regulations has paved the way for over 90 new applications, most of which involve Solana and XRP.

At the same time, market sentiment and online activity are amplifying momentum. Rising valuations of Solana ecosystem tokens and memecoins like Dogecoin and Pudgy Penguins have sparked surges in online searches and discussions. Google Trends data shows altcoin-related searches hit a record high on August 13, matching the peak in May 2021.

The Bigger Picture

According to Forbes, expectations of Federal Reserve rate cuts in 2025 are boosting liquidity, supporting risk-on assets like altcoins. The current total market cap of altcoins stands at $1.65 trillion.

On Binance Futures, more than 52% of positions are long, with over $10 billion in open interest for Bitcoin, compared to about $7 billion for Ethereum. Despite the explosive growth of altcoins, Bitcoin remains the dominant force in the broader market.

(1 vote)

5.0/5

(1 vote)

Latest

Bitcoin Hits A New Ath As Profit Margins Continue To Shrink

News | Bitcoin | Editor Choice

Bitcoin Hits a New ATH as Profit Margins Continue to Shrink

Although Bitcoin (BTC) continues to set new price records after every halving, historical data shows that the world’s largest cryptocurrency is experiencing diminishing returns with each new cycle.

Cz Says He Was Threatened To Pay $4.4 Billion

News | Editor Choice | Policy & Regulations

CZ Says He Was Threatened to Pay $4.4 Billion

CZ, the founder of Binance, has shaken the crypto world by claiming he was threatened to pay $4.4 billion to avoid false accusations that his exchange financed terrorism.

How To Join The Idos Airdrop

Editor Choice | Airdrops

How to Join the idOS Airdrop

Join the idOS Network airdrop! The project has successfully raised $4.5M and is now letting users earn points that can be redeemed for rewards.

Binance Restores Hacked X Account, Losses Limited To $13k

News | Editor Choice | Policy & Regulations

Binance Restores Hacked X Account, Losses Limited to $13K

Crypto exchange Binance has regained control of the official BNB Chain X (Twitter) account after a phishing attack that caused around $13,000 in user losses.

Factors Driving Bitcoin’s Strong Rally In ‘uptober’

News | Bitcoin | Editor Choice

Factors Driving Bitcoin’s Strong Rally in ‘Uptober’

Bitcoin enters October with hopes of reviving “Uptober,” as markets bet on an upcoming Fed rate cut and a renewed appetite for risk assets.

Screenshot 2025 09 10 100533