In today’s briefing:
- 2025 Listing Report: Exchange Listing of Altcoin and RWAs, Alpha Programs, and New Iterations of IDO
2025 Listing Report: Exchange Listing of Altcoin and RWAs, Alpha Programs, and New Iterations of IDO
- Contraction in Altcoin Listings: There were 21% fewer unique tokens listed on centralized exchange spot markets across 9 exchanges in 2025 (dropping from 1,645 to 1,302), particularly in the small FDV segment (under $30M).
- This decline is consistent with the overall observation of a slowdown in the altcoin space throughout the year.
- Top Exchanges Expanding Scope: Major exchanges are expanding their coverage to mid-size tokens and directly listing more small FDV assets.
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