Exchange Token
Exchange tokens power crypto platforms, offering trading fee discounts and governance.
Top gainers this week
Top losers this week
$RADIO fell 33 places this week
Down 32 places this week, $VGX is losing steam
$LCX hit a gem score of 82 this week
46 tokens rose and 58 fell this week
Down 58 places this month, $AARK is losing steam
Up 48 places this month, $SWFTC is gaining ground
@ofnirGovernance+6•4$FLOKI, a familiar canine, sees its attention wane, with a one-day dip of 0.38% and a weekly fall of 2.78%. Despite its longevity, trading volume indicates the initial hype around its token burn mechanism has faded for now. The crowd's interest, which once held this dog high, is clearly shifting elsewhere.
$BONE, the ShibaSwap governance token, shows little to excite the keen observer. While up 1.8% over the week, its one-day drop of 2.03% suggests the crowd is not yet convinced by recent efforts to bolster its utility. The ongoing discussion around the "Shibarium" ecosystem isn't translating into sustained momentum.
$PUMP, in contrast, appears to be enjoying its time in the sun, with a remarkable 46.0% surge over the last week and a 306.2% rise over three months, reaching a market cap of nearly $2B. Despite a recent one-day dip of 4.28%, the trading volume suggests genuine and sustained attention, rather than a fleeting whim or single listing.
@caiyeliangMeme+1•3$PUMP P — Pump has the largest holder base on your top-10 board — 311,239 holders — but the lowest holder-distribution score of the group (0.31). That's a lot of wallets with comparatively concentrated supply. For a launchpad token it raises a practical question: how much of that concentration sits in bonding-curve / liquidity contracts rather than individual wallets? Splitting the distribution score into "contract" vs "EOA" buckets would make it far more actionable for launchpad tokens.
Frequently asked questions
How has Exchange Token performed recently?
Exchange Tokens saw a mixed performance over the past 7 and 30 days. In the short-term, 60 tokens experienced a downturn, while 45 were up. DDX, AARK, BNB, SXP, and TKO were among the top climbers, with BNB showing the highest score percentage gain at 193.8%. LCX, CoinEx, RadioShack Token, UNI, and SAKE were the biggest fallers, with LCX notably experiencing the largest rank drop. LCX also held the highest score extreme, while Nest Exchange Limited had the lowest. Looking at the 30-day window, more tokens were up (65) than down (40). SWFTC and DIME led the climbers, alongside AARK, SXP, and Voyager. LCX, SAKE, RadioShack Token, CoinEx, and VERSE were the top fallers. BUSD Token was a new entrant in the top-k in both timeframes, while LCX exited the top-k in both.
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.