Stacks (STX) showed the heaviest Korean trading concentration in a Nov. 2 snapshot spanning 53 crypto assets, with a reported local-to-overseas share ratio of 30.2-to-1. Ondo (ONDO) followed with a reported ratio of 25.2-to-1.
STX made up 0.76% of trading on Korean exchanges and 0.03% on overseas exchanges. ONDO represented 2.10% of Korean trading and 0.08% on overseas exchanges. The multiples are based on each asset’s share of trading in the two markets, so they describe relative representation rather than token amounts traded. ONDO had the larger Korean share, while STX had the greater relative concentration there.
The Korean interest index ranked Ethena (ENA) first at 80.6 points, followed by ONDO at 75.1 and SHIB at 74.5. Korean turnover over 24 hours was 20.52 billion won for ENA and 15.51 billion won for ONDO. Turnover carries extra weight in the index, which also factors in market shares, Korean price premiums and recent activity changes. Its ranking therefore reflects more than geographic concentration alone.
Other assets leaned more heavily toward overseas exchanges: HYPE accounted for 1.42% of overseas trading and 0.02% of Korean trading, while BNB’s shares were 1.02% and 0.04%, respectively. WLD and SHIB had reported Korean-to-overseas ratios of 21.0-to-1 and 12.4-to-1. MNT had the highest Korean price premium, at 0.90%; Dogecoin (DOGE) traded at a 0.76% discount.
A separate 52-asset comparison from Oct. 31 reported ONDO’s ratio at 62.5-to-1. That earlier comparison and the Nov. 2 snapshot covered different numbers of assets.
