Exchange & Listing Research

Forgd Research: Exchange & Listing

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

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Primary & Follow-On Listings, by Exchange

Analyzing 838 Tokens

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

Analyzing 838 Tokens

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

Analyzing 838 Tokens

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

221.17

230.54

166.51

95.10

94.73

431.60

bithumb

0.00

30.81

33.17

30.59

26.59

19.31

3.37

bitvavo

0.00

23.53

21.95

16.16

9.66

6.62

3.34

bybit

0.00

71.13

69.71

56.35

37.69

34.22

22.66

coinbase

0.00

130.54

129.19

82.79

57.11

97.70

20.89

cryptocom

0.00

101.70

96.41

133.93

70.37

63.13

6.10

gate

0.00

99.55

99.07

52.64

18.95

7.00

-44.49

htx

0.00

1.22

1.61

1.41

1.32

0.57

kraken

0.00

-13.05

-11.03

-13.37

-24.19

-30.49

49.91

kucoin

0.00

74.33

71.94

47.77

37.38

29.96

23.40

mexc

0.00

68.82

78.45

65.40

52.19

42.59

119.42

okx

0.00

129.67

144.09

134.78

100.80

97.48

73.37

upbit

0.00

167.66

195.34

111.12

120.36

73.84

85.90

TGE

1 Day

1 Week

1 Month

2 Months

3 Months

1 Year

Median FDV by Exchange

binance

364.21M

558.8M

606.65M

502.23M

481.01M

410.57M

633.33M

bithumb

100.1M

209.5M

231.5M

188.04M

155.48M

119.02M

145.32M

bitvavo

70.7M

132M

101.28M

82.85M

77.36M

61.33M

84.09M

bybit

90M

169.7M

159.21M

125.97M

111.38M

118.8M

87.75M

coinbase

300.1M

555.1M

463.35M

349.18M

311.82M

402.2M

312.85M

cryptocom

159.8M

266.04M

288.24M

215.79M

163.14M

196.32M

121.66M

gate

120M

219.18M

190.54M

167.82M

173.8M

158.44M

95.04M

htx

2.1M

2.24M

2.99M

2.27M

2.34M

1.85M

1.17M

kraken

31.09M

35.57M

28.35M

102.22M

61.07M

56.38M

218.32M

kucoin

100.11M

193.64M

186.38M

159.43M

134.22M

123.9M

112.73M

mexc

70M

119.06M

103.86M

93.4M

89.92M

68.5M

132.73M

okx

430.61M

624.39M

509.82M

509.64M

597.68M

450.99M

349.36M

upbit

268.51M

497.4M

489.36M

556.19M

456.88M

341.33M

220.63M

TGE

1 Day

1 Week

1 Month

2 Months

3 Months

1 Year

Follow-On Listing Impact

Analyzing 838 Tokens

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

-1.79%

$2.263M

-1.29%

$1.402M

-1.69%

$846.022K

-1.98%

$330.56K

bitget

8.11%

$6.563M

8.15%

$5.697M

8.36%

$2.866M

7.09%

$916.944K

kraken

-0.10%

$228.767K

-0.19%

$189.208K

-0.10%

$114.326K

-0.14%

$47.584K

gate

0.31%

$1.173M

0.34%

$1.748M

0.66%

$1.779M

0.42%

$615.69K

htx

3.38%

$2.475M

3.32%

$4.454M

2.01%

$4.512M

0.28%

$3.861M

bithumb

-0.25%

$13.923M

0.53%

$11.19M

1.97%

$1.638M

1.64%

$783.18K

bitvavo

-0.04%

$1.297M

-0.07%

$818.804K

-0.14%

$426.898K

-0.06%

$159.384K

kucoin

14.78%

$2.327M

14.86%

$3.125M

12.65%

$2.427M

11.81%

$1.126M

cryptocom

-0.22%

$14.274K

-0.62%

$20.054K

0.11%

$19.191K

-0.86%

$20.519K

upbit

1.56%

$143.094M

0.80%

$50.905M

2.64%

$13.346M

4.54%

$8.177M

binance

40.36%

$122.49M

40.27%

$120.001M

39.94%

$36.262M

30.30%

$14.602M

coinbase

10.76%

$1.245M

11.41%

$3.094M

8.98%

$1.656M

10.08%

$899.474K

okx

7.34%

$5.686M

8.84%

$13.257M

14.20%

$7.797M

5.58%

$3.665M

bybit

18.06%

$4.944M

18.00%

$7.266M

17.46%

$10.883M

14.68%

$3.284M

Follow-On Listing Criteria

Analyzing 838 Tokens

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

Common Characteristics

FDV

$1.35B

Median FDV

$118.63M

Market Cap

$851.37M

Daily Trade Volume

$232.59M

Days Since TGE

627.3

Price % Change Since TGE

181.95%

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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