Exchange Token
Exchange tokens power crypto platforms, offering trading fee discounts and governance.
Top gainers this week
Top losers this week
$PUMP has led the category 7 days running this week
$ORN -54 places this week
Down 28 places this week, $BNB is losing steam
$VC +25 places this week
$EXCHANCE · 10 gem score this week
$PUMP hit a gem score of 79 this week
51 tokens rose and 43 fell this week
$DACKIE +43 places this month
Frequently asked questions
How has Exchange Token performed recently?
Exchange Tokens have seen substantial activity across both the 7-day and 30-day windows. In the past week, 52 tokens were up while 39 were down. Aark Digital (AARK) led climbers, gaining 41 ranks, followed by Omni Exchange V3 (OMNI) with 27 ranks. Conversely, DackieSwap V2 (DACKIE) and DerivaDEX (DDX) both fell 54 ranks. Pump (PUMP) exhibited the highest score at 78.5476 and a strong 6-day streak, also marking the highest score and streak leader over 30 days. The 30-day window showed even stronger upward momentum with 60 tokens up and 31 down. Voyager (VGX) and Nasdex (NSDX) were prominent climbers in the 30-day period. Pump (PUMP) and SolCex (SOLCEX) were new entrants to the top K, while ShibaSwap V2 (BONE) and WOO 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.