Exchange Token
Exchange tokens power crypto platforms, offering trading fee discounts and governance.
Top gainers this week
Top losers this week
$LCX climbed 52 places this week
Up 28 places this week, $RADIO is gaining ground
$GRVT climbed 21 places this week
$LCX hit a gem score of 82 this week
$BUSD dropped out of the top ranks this week
61 tokens rose and 40 fell this week
$DACKIE +47 places this month
@caiyeliangMeme+1•5$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.
@ofnirGovernance+9•4My last call on $XCAT was a RUG at $0.00000006003, and it fell to $0.0000000441. With liquidity at $31M and a flat week, $XCAT remains a RUG.
I called a RUG on $BONE at $0.05139008422130166, yet it rose to $0.06049794440738539. It has held its price this week but liquidity is under $2M, so I still see $BONE as a RUG.
My RUG call on $FLOKI at $0.000027591087459612185 was accurate as it settled at $0.000026161871496268518. Despite $260M market cap, its price is down this week. $FLOKI is a RUG.
I called a RUG for $TRUMP at $2.1379981426208357, and it fell to $2.0460662132859038. With $93.7B liquidity and a -6.2% week, $TRUMP remains a RUG.
My RUG call on $PEAR at $0.039865904381739634 proved correct as it dropped to $0.03144950048622106. Its -11.7% weekly decline continues; $PEAR is a RUG.
@King_davidMeme+1•4$PUMP is a gem!
Frequently asked questions
How has Exchange Token performed recently?
The Exchange Token category shows mixed movements over the past week and month. Over the last seven days, 61 tokens were up while 40 were down. LCX emerged as a significant climber, entering the top K and experiencing an 89.6% score percentage increase, while also recording the highest score at 81.8541. RadioShack Token and GRVT (id: 18610008) also saw notable gains. Conversely, BONE SHIBASWAP and Nest Exchange Limited (NEL) were among the fallers, with Nest Exchange Limited having the lowest score at 4.6814. Looking at the thirty-day window, the category saw 68 tokens up and 33 down. DackieSwap V2 demonstrated strong performance as a climber with a 174.8% score percentage increase, alongside Paradex Bridge (DIME) and Grvt Bridge (GRVT). On the other hand, Flex Perpetuals (FDX), SakePerp (SAKE), BONE SHIBASWAP, and Nest Exchange Limited (NEL) were notable fallers, with NEL again holding the lowest score at 4.6719. LCX also entered the top K in the 30-day period.
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.