Research & InsightsExchange Listing Trends

Assess the value exchanges provide for primary & follow-on listings.

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Primary & Follow-On Listings, by Exchange

See the number of primary & follow-on spot listings on each exchange.

Number of Listings | Exchange

Primary (< 24 hours)

Follow-on (> 24 hours)

Primary & Follow-On Listings, by Month

See the number of primary & follow-on spot listings that occurred each month to assess industry-wide listing trends.

Number of Listings | Date

Primary (< 24 hours)

Follow-on (> 24 hours)

Primary Listing Performance, by Exchange

Track the average price performance of projects that conducted primary listings on each exchange.

Price % Change of Primary Listings, by Exchange

Price Change % | Days Post TGE

binance

bithumb

bitvavo

bybit

coinbase

cryptocom

gate

htx

kraken

kucoin

mexc

okx

upbit

Avg. Price % Change, by Exchange

binance

0.00

221.42

228.00

157.61

95.05

91.65

414.48

bithumb

0.00

35.51

34.60

30.91

26.64

19.22

14.39

bitvavo

0.00

24.83

21.76

16.02

8.91

3.00

14.51

bybit

0.00

71.04

72.65

61.11

37.80

34.39

23.46

coinbase

0.00

119.92

124.02

65.83

49.93

72.68

17.07

cryptocom

0.00

101.00

92.88

110.38

65.86

62.34

7.62

gate

0.00

93.95

89.88

49.63

16.60

7.42

-44.62

htx

0.00

3.20

2.63

3.15

1.37

1.72

0.59

kraken

0.00

4.40

0.55

-15.27

-24.19

-30.51

49.99

kucoin

0.00

78.07

70.52

51.27

34.65

28.93

25.75

mexc

0.00

58.45

50.14

36.29

40.54

27.26

73.77

okx

0.00

181.58

154.86

152.95

100.10

65.83

73.60

upbit

0.00

213.06

199.20

199.85

120.11

56.00

81.48

TGE

1 Day

1 Week

1 Month

2 Months

3 Months

1 Year

Median FDV by Exchange

binance

378.6M

585.84M

615M

545.83M

472.06M

401.48M

636.11M

bithumb

104.85M

211.76M

234.27M

188.62M

158.76M

127.78M

152.73M

bitvavo

100M

144.99M

126.68M

111.78M

83.76M

60.15M

174.66M

bybit

90.03M

184.14M

169.83M

141.3M

117.87M

118.44M

87.72M

coinbase

400M

689.55M

656M

453.45M

347.4M

391.45M

316.7M

cryptocom

194.8M

301.92M

299.76M

344.28M

290.8M

195.16M

119.39M

gate

120M

218.2M

185M

154.31M

161.7M

149.13M

96.54M

htx

800K

1.57M

2.89M

3.39M

2.34M

2.37M

1.24M

kraken

80M

129.05M

106.71M

99.26M

59.6M

55.53M

213.39M

kucoin

104.9M

210.56M

204.15M

165.3M

141.56M

121.4M

120.13M

mexc

78.38M

125.39M

116.64M

96.43M

96.94M

77.96M

89.87M

okx

436M

708.8M

642.12M

608.78M

604.44M

444M

419.78M

upbit

319.09M

583.56M

531.51M

565.36M

522.42M

462.06M

214.76M

TGE

1 Day

1 Week

1 Month

2 Months

3 Months

1 Year

Follow-On Listing Impact

Assess the impact that each exchange has on projects that conduct a follow-on listing.

Timeframe comparison

Post-Announcements

1 Day Post-Listing

7 Days Post-Listing

30 Days Post-Listing

KPIs

Price Change (%)

Volume ($)

Price Change (%)

Volume ($)

Price Change (%)

Volume ($)

Price Change (%)

Volume ($)

mexc

-1.04%

$1.832M

-0.91%

$1.241M

-1.06%

$790.848K

-0.86%

$335.065K

bitget

7.75%

$6.894M

8.20%

$5.801M

6.57%

$3.855M

7.70%

$1.016M

kraken

-0.11%

$147.049K

-0.17%

$126.303K

-0.06%

$74.809K

-0.13%

$42.821K

gate

0.28%

$907.124K

0.47%

$1.675M

0.68%

$1.42M

0.43%

$604.787K

bithumb

0.06%

$11.214M

1.73%

$10.261M

2.29%

$1.575M

0.55%

$767.192K

htx

3.42%

$2.487M

3.76%

$4.66M

2.27%

$5.36M

0.38%

$5.04M

bitvavo

0.05%

$1.067M

-0.01%

$654.325K

-0.01%

$329.058K

0.02%

$137.875K

kucoin

14.64%

$1.822M

14.59%

$3.06M

12.84%

$2.427M

11.81%

$1.087M

upbit

3.96%

$107.833M

3.67%

$32.795M

2.94%

$17.071M

3.29%

$9.95M

cryptocom

-0.19%

$14.274K

-1.00%

$20.054K

0.07%

$19.191K

-0.86%

$22.577K

binance

38.86%

$122.435M

39.04%

$114.515M

32.35%

$36.26M

29.93%

$14.602M

coinbase

8.48%

$1.258M

8.49%

$3.095M

4.80%

$1.634M

8.11%

$1.016M

okx

5.92%

$4.415M

12.68%

$12.444M

14.20%

$6.492M

6.50%

$3.482M

bybit

18.71%

$4.369M

18.62%

$6.828M

17.47%

$10.779M

14.66%

$3.708M

Follow-On Listing Criteria

Key qualities of projects with successful follow-on listing on a new exchange

Common Characteristics

FDV

$1.26B

Median FDV

$117.93M

Market Cap

$801.08M

Daily Trade Volume

$231.79M

Days Since TGE

739.1

Price % Change Since TGE

262.95%

Pre-Existing Exchange Presence

% of tokens that secured follow-on listing venue with existing presence on exchange

FDV Distribution

Number of Tokens | FDV ($)

ADTV Distribution

Number of Tokens | ADTV ($)

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