Bitcoin Tops Liquidity Ranking, ETH Follows: Where Does XRP Rank?

Bitcoin liquidity across major centralized exchanges surged nearly 50% in 2026, widening its lead over Ethereum and Solana .XRP stood out with substantially more capital sitting on the bid side of its order books and Dogecoin remained the least liquid, according to a CoinGecko report published Tuesday.Across eight major centralized exchanges included in CoinGecko’s study, Bitcoin recorded median cumulative depth of roughly $29 million on the buy side and $37 million on the sell side.Binance remains the deepest venue, accounting for 25.3% of total BTC liquidity across the exchanges studied.The deeper books suggest larger trades can be absorbed with less slippage, strengthening Bitcoin’s position as the crypto market’s Why Is ETH, SOL Liquidity Shrinking?Ethereum moved in the opposite direction. Median ETH liquidity stands at roughly $13 million to $14 million within a 0.15% range, equivalent to just 35% to 45% of Bitcoin’s depth.In 2025, ETH orderbook liquidity was at least 60% of Bitcoin’s within a comparable range.Solana saw an even clearer deterioration. Single-sided liquidity across the eight exchanges dropped more than 28.5%, from roughly $28 million in 2025 to about $20 million this year.Coinbase emerges as the dominant SOL venue further away from the market price, with more than $6 million in buy-side liquidity and $4 million in sell-side liquidity within the broader 2% range.XRP Bids Outpace Sellers, Dogecoin Remains ShallowestXRP’s overall liquidity remains relatively stable from 2025, but its order book has become noticeably skewed toward buyers.Across the exchanges, XRP has nearly $18 million in bids compared with $14 million in asks.Despite XRP’s larger market capitalization, Solana still has deeper cumulative liquidity within the 2% range, supported by roughly 25% higher average daily trading volume.Dogecoin remains the least liquid of the five cryptocurrencies studied, recording only around $9 million to $12 million in single-sided liquidity within 2%.The relatively shallow DOGE books leave the meme coin more exposed to slippage and larger price swings from sizable trades, with only a handful of exchanges providing more than $1 million in meaningful market depth.Image: Shutterstock Read Also: