Crypto trading volumes surged in May 2025, with Bitcoin (+115%) and Tether (+107%) leading gains. Ethereum, stablecoins, and Solana also saw double-digit growth. Total trading volume for the top 10 cryptos more than doubled to $7.24 trillion, driven by institutional adoption and pro-crypto policies. Companies like GameStop and Trump Media invested in Bitcoin, boosting market confidence amid increased regulatory support.
The cryptocurrency market experienced a significant uptick in trading activity in May 2025, with major digital assets recording double- and triple-digit growth in monthly volumes. Increased institutional adoption, bullish market sentiment, and supportive regulatory developments have contributed to this surge.
Notably, companies such as GameStop and Trump Media have made substantial Bitcoin investments, while the Trump administration’s pro-crypto policies, including plans for a federal Bitcoin reserve, have further strengthened market confidence.
Bitcoin and Tether lead trading volume growth
According to data from CryptoPresales.com, Bitcoin (BTC) witnessed a 115% month-over-month (MoM) increase in trading volume, reaching $1.62 trillion in May. This represents an $870 billion jump from April’s figures. Similarly, Tether (USDT), the most traded cryptocurrency, recorded $3.46 trillion in monthly trades—a 107% increase compared to the previous month.
First Digital USDC also saw a substantial rise, with trading volumes surging 112% to $140 billion, making it the seventh most-traded cryptocurrency.
Ethereum and Stablecoins maintain strong performance
Ethereum (ETH) retained its position as the third most-traded cryptocurrency, with $696 billion in trading volume—a 57% increase from April. Stablecoins Dai (DAI) and USDC followed closely, posting $637 billion and $259 billion in trades, respectively.
Polyhedra Network emerged as a new entrant in the top ten, securing the sixth spot with $183 billion in trading volume. Meanwhile, Solana (SOL) recorded a 42% increase, reaching $104 billion, while XRP and BNB rounded out the list with $77 billion and $59 billion in trades, respectively.
The combined trading volume of the top ten cryptocurrencies surged from $3.47 trillion in April to $7.24 trillion in May—a 108% increase in just one month. This growth far exceeds the 25% MoM rise observed between March and April, highlighting the accelerating momentum in crypto markets.
Market trends and institutional influence
Historically, May has been a volatile month for cryptocurrency trading, with periods of significant gains followed by sharp corrections. Seasonal trends such as the “Sell in May” effect and post-tax sell-offs have previously influenced trading behaviour. However, the 2025 rally has been primarily driven by institutional participation and favourable regulatory developments.
With major corporations and governments increasingly embracing digital assets, the crypto market continues to demonstrate resilience and expansion. The record-breaking trading volumes in May suggest growing investor confidence, setting the stage for further developments in the coming months.
Himani Verma is a seasoned content writer and SEO expert, with experience in digital media. She has held various senior writing positions at enterprises like CloudTDMS (Synthetic Data Factory), Barrownz Group, and ATZA. Himani has also been Editorial Writer at Hindustan Time, a leading Indian English language news platform. She excels in content creation, proofreading, and editing, ensuring that every piece is polished and impactful. Her expertise in crafting SEO-friendly content for multiple verticals of businesses, including technology, healthcare, finance, sports, innovation, and more.
