IP topped Upbit in 24-hour spot trading volume and ranked sixth globally in derivatives trading volume.

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According to Odaily data, the IP/KRW trading pair led the South Korean won trading market for the second consecutive day with a 15.45% share of trading volume, reaching $308 million in 24 hours. Following closely were XRP (12.97%, $259 million) and BTC (10.41%, $207 million). Furthermore, according to Coinglass data, IP ranked sixth globally in 24-hour derivatives trading volume, with a total trading value of $2.865 billion, second only to DOGE's $3.916 billion.

IP is currently trading at $4.038, up 40% in the last 24 hours. It touched $4.198 earlier today, a new high in nearly 60 days.

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