According to CryptoPotato, Ripple's XRP and Shiba Inu's SHIB tokens have seen strong community interest in India, as the country's leading cryptocurrency exchange, WazirX, reported that they were among the most traded coins in August. The top five traded coins on the platform for the month included USDT, BTC, SHIB, XRP, and ETH.

Data from CoinGecko revealed that ETH trading volume for the past 24 hours was more or less the same as that of BTC, standing at around $5.2 billion. USDT dominated the volume race, which is expected, as most of the fiat-paired cryptocurrencies trade against it. XRP had a trading volume of around $650 million for the past 24 hours, while SHIB was down the line with around $77 million. Overall, the market remained largely rangebound, with little to no movement in the past day.