Exchange Token
Exchange tokens power crypto platforms, offering trading fee discounts and governance.
Top gainers this week
Top losers this week
$DACKIE -45 places this week
Down 24 places this week, $VERSE is losing steam
Down 24 places this week, $THOR is losing steam
$Binance Card · 9 gem score this week
$SOLCEX hit a gem score of 79 this week
No longer among the leaders this week: $LCX fell out of the top ranks
64 tokens rose and 26 fell this week
$AARK climbed 52 places this month
Frequently asked questions
How has Exchange Token performed recently?
The Exchange Token category shows mixed signals over the past week, with 55 tokens experiencing an upward trend and 21 moving downwards. Notably, Nasdex (NSDX) emerged as a top climber, alongside Voyager (VGX), Aark Digital (AARK), Flex Perpetuals (FDX), and DerivaDEX (DDX). Conversely, SwftCoin (SWFTC) and an unnamed token (ID 11533941, associated with WOO) were among the biggest fallers. Pump (PUMP) demonstrated a strong performance, maintaining a 7-day streak and achieving the highest score of 78.29. Over the 30-day period, the category breadth remained similar, with 53 tokens up and 23 down. Nasdex (NSDX) and Aark Digital (AARK) continued their upward trajectory, with Aark Digital seeing a significant score percentage increase of 161%. LogX V2 (LOGX) also saw a substantial rise of 121.2%. SwftCoin (SWFTC) and SashimiToken (SASHIMI) were among the top fallers. Pump (PUMP) extended its impressive run, leading the streak for 12 days and achieving the highest 30-day score of 78.97. Pump (PUMP) and LCX (LCX) entered the top K during this period, while WOO X (WOO) and Backpack Token (BP) exited.
What are exchange tokens?
Exchange tokens are cryptocurrencies issued by cryptocurrency exchanges, both centralized (CEX) and decentralized (DEX). They are often used to offer various benefits to holders, such as reduced trading fees, staking rewards, or participation in governance.
What are the main benefits of holding exchange tokens?
Key benefits can include discounts on trading fees, access to exclusive features, participation in launchpads or initial exchange offerings (IEOs), and the ability to vote on platform developments or proposals within the exchange's ecosystem.
Are there different types of exchange tokens?
Yes, exchange tokens can generally be categorized based on the type of exchange that issues them. Centralized Exchange (CEX) tokens are issued by platforms like Binance or Coinbase, while Decentralized Exchange (DEX) tokens are issued by platforms like Uniswap or PancakeSwap. Each type has distinct characteristics and utility within its respective ecosystem.
How do exchange tokens derive their value?
The value of exchange tokens is often tied to the success and utility of the underlying exchange. Factors contributing to their value include trading volume on the exchange, the demand for the benefits they offer, tokenomics (such as burning mechanisms or staking rewards), and overall market sentiment towards the cryptocurrency sector.