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CoinDesk 20 Performance Update: SUI Drops 5.9% as Index Trades Lower
Avalanche (AVAX) was also among the underperformers, falling 2.4% from Thursday.
May 2, 2025, 1:10 p.m.
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What to know:
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
The CoinDesk 20 is currently trading at 2786.55, down 0.4% (-11.45) since 4 p.m. ET on Thursday.
STORY CONTINUES BELOW
Four of 20 assets are trading higher.
Leaders: BCH (+1.8%) and BTC (+0.4%).
Laggards: SUI (-5.9%) and AVAX (-2.4%).
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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CoinDesk 20 Performance Update: SUI Gains 5.5% as Index Moves Higher
Uniswap (UNI) joined Sui (SUI) as a top performer, up 3.3% from Monday.
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