Altcoin Volume Dominance Hits Two-Year High as Traders Pour $135B Into the Market

Altcoins have taken a leading role in the latest crypto market rally, as trading activity and market capitalization surged alongside Bitcoin’s sharp move higher. This comes after an extended period of low volatility and subdued trading volumes.

According to CryptoQuant analyst Darkfost, investor attention and capital have moved strongly toward altcoins, “potentially signaling a broader resurgence of risk appetite across the market.”

Biggest Dominance Surge in 2 Years

Bitcoin gained nearly 25% over the past week, while altcoins significantly amplified the broader market trend. The total altcoin market capitalization, measured through Total2 and excluding Ethereum, increased by around $135 billion during the same period. Darkfost said that the scale of the move highlights how quickly capital has entered the altcoin segment.

A notable change was also seen in trading activity. On Binance, which represents nearly 40% of altcoin trading volume across exchanges, these tokens accounted for as much as 65% of total volume at their peak. At that point, Bitcoin made up just 21% of volume, while Ethereum accounted for 13.6%.

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