coinmarketcap

CoinMarketCap officially launches the launch platform CMC Launch, with the first project being the decentralized perpetual trading platform Aster ($AST)

ChainCatcher news, cryptocurrency data platform CoinMarketCap (CMC) today announced the launch of CMC Launch---a launch platform specifically designed for high-quality Pre-TGE projects, aimed at connecting potential crypto projects with over 50 million monthly active users worldwide. The first project to join CMC Launch is the decentralized perpetual trading platform Aster ($AST).Compared to traditional launch platforms, CMC Launch employs a stricter review mechanism, open only to truly promising projects, helping early-stage projects reach global users. Selected projects will receive a dedicated launch page, interactive tasks that incentivize user participation, and support for wallet screening for airdrop eligibility.The first project is Aster, backed by YZI Labs, aiming to provide innovative perpetual contract services for traders from beginner to advanced levels. Core features include: a simple/professional dual-mode trading interface, catering to different user groups; various airdrop incentives; non-custodial trading without KYC, ensuring asset sovereignty; and providing deep liquidity pools, low fees, and multi-chain support, currently live on BNB Chain and Arbitrum.CMC CEO Rush stated, "The competition for traffic among projects in the cryptocurrency space is fierce. CMC Launch is dedicated to helping new projects accurately reach and connect with users looking for potential tracks. As a 'hub of cryptocurrency,' we welcome Aster as the first CMC Launch project to showcase its innovative value to the global community."

CoinMarketCap Report: Most New Tokens Listed on Four Major Cryptocurrency Exchanges in 2024 Perform Poorly

ChainCatcher news, the cryptocurrency market data provider CoinMarketCap released a report indicating that as of June 25, data shows that the four major cryptocurrency exchanges Binance, Bybit, OKX, and Bitget have seen new token projects listed in 2024 affected by market conditions, with most projects performing poorly since their initial listing.In addition to external market conditions, their different listing strategies may also be one of the reasons for the performance differences of the tokens listed by the four exchanges. For example, Bitget and Bybit have listed the most tokens this year, with Bitget listing over 310 tokens and Bybit listing over 130 tokens, focusing on memecoins and related sectors. This strategy also aims to actively cater to the market's demand for highly volatile tokens this year, although it has its drawbacks. These tokens often come and go quickly, resulting in approximately 80% and 70% of new tokens on these two exchanges being at a loss overall.Binance, as the industry leader, has adopted a different strategy, listing a relatively low number of tokens, around 30, possibly to take a more cautious approach and conduct thorough due diligence before listing projects. However, even so, Binance has not been immune to the overall market's downturn, with about 50% of new projects currently experiencing negative ROI. Moreover, the projects listed on Binance generally have larger market capitalizations, and these negative ROIs will have a greater impact on the overall market. This also highlights the universality of the current market slump from another perspective.Looking at the market in the second half of 2024, many opportunities are already visible, whether it is the supply shock after the halving, the first interest rate cut by the Federal Reserve since 2021, or the upcoming U.S. election where both Trump and Biden have expressed support for the cryptocurrency industry, all of which will provide new momentum for the cryptocurrency market.
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