The surge in cryptocurrency trading in the last three months of 2020 led to one change in the CoinDesk 20: tron (TRX) has been taken off of the list of the top crypto assets traded on verified markets while Maker’s dai (DAI) stablecoin has returned.
Verifiable crypto volume nearly tripled in the fourth quarter of 2020, as bitcoin surged to new all-time highs. Volume on eight trusted exchanges used by CoinDesk hit $239.98 billion in Q4 2020, up from $90.08 billion in the prior quarter, according to Nomics.
The exception was tron. The no-fee Ethereum rival did not keep pace with other major assets and fell out of the CoinDesk 20 ranking. It was replaced by dai, the dollar-pegged stablecoin used in Maker’s decentralized finance (DeFi) network, which makes a second appearance on the list.
The new CoinDesk 20 list is as follows.