Crypto asset transaction value on Indodax reaches Rp8.7 trillion during August
The value of crypto asset transactions on Indodax during August 2026 increased by approximately 16 per cent to Rp8.7 trillion, compared to Rp7.5 trillion in the previous month.
The transaction value in July 2026 represented 36.5 per cent of the national crypto transaction value for that period, which reached Rp20.52 trillion, amidst a total of 22.93 million digital financial asset consumers across Indonesia.
Indodax Chief Marketing Officer Aloysia Dian, in a statement in Jakarta on Tuesday, assessed that the increase in volume during August indicates that investor activity is beginning to rise again after the market had flattened in the previous month.
“The increase in transaction volume in August shows that market activity is starting to strengthen again. Bitcoin’s momentum has helped drive investor attention, while the growing number of investors shows that interest in crypto assets remains sustained,” she said.
However, she continued, transaction decisions remain heavily influenced by market conditions, volatility, and the individual strategies of each investor.
According to CoinMarketCap data, Bitcoin strengthened by approximately 24.36 per cent within one month, followed by Ethereum at 32.01 per cent, XRP at 28.22 per cent, Solana at 41.33 per cent, and Hyperliquid (HYPE) at 61.53 per cent.
According to her, this cross-asset strengthening indicates that the improvement in market sentiment is not only concentrated on Bitcoin but is also beginning to spread to other crypto assets.
“Bitcoin still plays a major role in shaping market sentiment and activity. When Bitcoin activity increases, attention towards other crypto assets can also strengthen. However, each asset has different characteristics and risk levels,” said Aloysia.
She noted that the increase in transactions in August is part of a returning market dynamic that aligns with improving global market sentiment. Nevertheless, crypto movements remain influenced by global conditions, liquidity, and the direction of monetary policy.
“The improvement in global sentiment is helping to drive market activity, but these conditions can still change alongside developments in global macroeconomic policy and liquidity,” she said.
Therefore, she added, the increase in transactions should be approached in a measured manner, by continuing to conduct research and avoiding decisions driven solely by short-term price movements.