Lowercase Nerio has gained more than 20 times since it was listed on Binance. On the one hand, it shows the currency listing effect of Binance, and on the other hand, it breaks the previous impression that Binance has been in constant decline after listing VC coins.
If listing CEX is regarded as the ultimate goal and benefit, which sectors’ tokens have the most advantages? What is the effect of listing coins on top exchanges? This article will sort out the listing status of top exchanges since August 1 and try to answer the above questions.
What coins are listed on the exchange?
This article compiles the currency listing announcements of the following exchanges:
- Binance, excluding coin-based markets such as SUI, etc.
- OKX, excluding pre-market
- Upbit, including KRW, BTC and USDT markets
- Bybit
- Coinbase International Exchange, only contracts
The result is shown in the figure below:
The conclusion is as follows:
- The only section that can be listed on all exchanges at the same time is Meme
- The exchange with the second largest number of products covered is the TON ecosystem. Only Coinbase has no contact with this sector at all.
- In terms of frequency of occurrence, the top ones are Laobi (34.2%), Meme (23.6%), TON (11.8%), and chain games (5.3%).
- Each CEX usually does not list coins repeatedly in a short period of time. Non-initial coin listings will only be considered after a few months after other CEXs go online. The main purpose is "no mutual acceptance"
The effect of listing on top exchanges
As we all know, listings on Binance and Upbit usually have a short-term surge, but how high can they rise in the short term? Can this trend be maintained in the medium to long term?
Odaily has made statistics on the non-TGE coins listed on Binance and Upbit. The starting price is the opening price of the 4H K-line where the currency listing announcement is located. The increase affected by the announcement is the closing price of the same K-line, which is September 18-14. The price at that time is used as the current market value.
The result is as follows:
- First of all, from the perspective of increase, the differences between tokens are very large. The larger the market value, the smaller the increase. For example, PEPE, the largest market capitalization, only rose by 6%, while Neiro and UXLINK, the smallest market capitalization, rose by 1264% and 101% respectively;
- Judging from the net increase in market value, the differences between tokens are still very large. The more popular the token and the wider the audience, the greater the net increase in market value. For example, Meme tokens are the sector with the largest growth. Among them, PEPE, POPCAT, and Neiro, which have the strongest "community" attributes, rank in the top three respectively. The main participants of ATH (Aethir) business are studios and BIGTIME. It's relatively small, so the growth isn't huge.
- The average market value growth of new coins on the two exchanges is US$78 million and US$70 million respectively. When new coins are subsequently listed, readers can refer to this value to consider whether to participate in short-term gaming.
- Of the five tokens listed on the two top exchanges in August, the market value of three of the tokens has been lower than before the listing (BRETT, PEPE, ATH). The other two tokens, POPCAT and PENDLE, have also declined to a certain extent. This shows that the listing effect of top exchanges is not lasting and cannot be the fundamental driving force for long-term rise. After experiencing short-term FOMO, it will often fall back to its original position.
