CryptoQuant: Altcoin Spot Volumes Sink to Multi-Month Lows as Binance Dominates

Altcoin spot trading has continued to cool, with CryptoQuant analyst Darkfost noting volumes across Binance and other large exchanges have fallen to extreme lows versus February and October 2025. Binance’s altcoin spot volume dropped to $7.7 billion while other exchanges combined handled about $18.8 billion, putting Binance near 40% of the total. The data also shows prior spikes above $40 billion were common in 2025, but activity has stayed compressed since the start of 2026.