【Comparison】Platform Coin Value and Trading Volume

Recently, the old coins led by #XRP have initiated a surge, and the concept of platform coins is also considered one of the older concepts.

According to "FDV/Stored Funds", "FDV/Total Trading Volume", etc., the value of platform coins can also be compared.

➤FDV/Stored Assets

The comparison results show that, based on the scale of stored funds, the most undervalued is #BNB, with its FDV accounting for 0.552 of stored assets.

The most overvalued is #HTX, with its FDV accounting for 1.621 of stored assets.

➤FDV/Total Trading Volume

Based on trading volume, the most undervalued is #BGB, with a "FDV/Total Trading Volume" ratio of only 0.06.

Binance has the highest ratio, but it shouldn't be underestimated, as BNB is not only Binance's platform coin but also a public chain token of #BSC.

Following is Huobi, with HTX's ratio divided by total trading volume at 36%, which is relatively overvalued.

➤Spot Trading Volume/Stored Assets

Interestingly, using "Spot Trading Volume/Stored Assets" as a measure of fund activity within exchanges, Binance and OKEx have the least active assets, while Huobi's funds are active.

This is likely due to a number of users keeping medium to long-term holding assets in Binance and OKEx, using them as wallets.

➤Contract Trading Volume/Spot Trading Volume

#OKX and #Bitget have a higher "Contract/Spot Trading Volume" ratio, exceeding 6 times, indicating a larger gambling crowd in these two exchanges.

#HTX and #Gate have a lower "Contract/Spot Trading Volume" ratio, about 1 to 1, suggesting that these two exchanges have relatively more altcoin players.

#Binance's "Contract/Spot Trading Volume" ratio is 265%, falling between the first two cases, appearing relatively balanced.

➤Final Note

Overall, balancing spot and contract trading, considering the static scale of assets, trading volume, and the BSC chain ecosystem, BNB may be the undervalued platform coin.