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CoinDesk 20 Performance Update: Stellar (XLM) Jumps 10.3% as All Assets Trade Higher
Polygon (POL) joined Stellar (XLM) as a top performer, rising 6.7% from Tuesday.
Updated Jul 9, 2025, 1:18 p.m. Published Jul 9, 2025, 1:17 p.m.
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 3188.0, up 1.8% (+56.34) since 4 p.m. ET on Tuesday.
STORY CONTINUES BELOW
All 20 assets are trading higher.
Leaders: XLM (+10.3%) and POL (+6.7%).
Laggards: BTC (+0.4%) and SOL (+1.4%).
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: Solana (SOL) Gains 1.4%, Leading the Index Higher
Cronos (CRO) joined Solana (SOL) as a top performer, also rising 1.4%.
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