7 months ago
A caller report by Animoca Research revealed that tokens listed betwixt January and September connected 5 large exchanges registered a antagonistic median show ranging from 40% to 70%.
The study analyzed 773 token listings from Binance, Bitget, Bybit, KuCoin, and OKX. Binance displayed the fewest listings, totaling 44 tokens. OKX adopted the aforesaid blimpish approach, with 47 listings astatine the extremity of the 3rd quarter.
Bybit and KuCoin showed mean listing appetites, registering 155 and 188 listings, respectively. Meanwhile, Bitget adopted an assertive exemplary and listed 339 tokens until the extremity of September.
Notably, the study highlighted that March and April were the highest months for listing activity, citing favorable marketplace conditions driving this effect.
Bybit-listed tokens displayed the worst performances
Bitget listings were not the worst performers, contempt the exchange’s ‘all out’ stance. The registered mean terms instrumentality was antagonistic astatine 46.5%, portion the posted median instrumentality was 65.9%.
Bybit’s listings registered the worst mean and median returns, with antagonistic 50.2% and 70.4%, respectively. KuCoin followed closely, with a antagonistic 66.1% median terms instrumentality and 48.3% antagonistic mean terms return.
Tokens listed connected OKX enduring losses registered the champion wide resilience, with antagonistic 27.3% and 40.6% performances connected mean and median terms returns, respectively.
Binance listings showed a somewhat amended mean show than OKX’s, falling 27% successful the investigation period, portion their median show was astir antagonistic 50%.
OKX registered the astir profitable listing ratio, with 27.6% of its 47 tokens posting affirmative returns until September. However, they registered the smallest returns, with 39.5% and 25.1% successful mean and median profits, respectively.
Binance’s 7 listings that registered affirmative returns to investors averaged 108.4% successful profits, the largest of the period. Additionally, they displayed the second-largest median summation astatine 53.5%.
Moreover, Bitget and Bybit profitable listings surpassed the 100% mean nett threshold, with 101.4% and 103.7% returns, respectively.
KuCoin’s listings took the 4th spot successful mean profit, with 25 tokens registering an mean instrumentality of 77.8%.
Supply affecting investors’ interest
The study revealed that tokens with an mean marketplace cap/fully diluted worth ratio (MC/FDV ratio) registered the highest valuations aft being listed connected centralized exchanges.
The MC/FDV ratio, which varies from 0 to 1, is commonly utilized to measurement however overmuch of a token’s proviso is disposable compared to its full valuation.
A ratio of 0.5 indicates that the token has established marketplace beingness and maturation potential, which the study pointed retired arsenic cardinal drivers of investors’ interest.
This explains wherefore Binance listings registered the champion mean returns since they listed the astir tokens betwixt 0.4 and 0.6 successful the MC/FDV ratio.
The station New token listings show mean 49% driblet aft CEX listing successful 2024 — Animoca Research appeared archetypal connected CryptoSlate.
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