New Exchange Listing Monitor

WHAT IT DOES. Surfaces assets listed within the last 90 days, ranked by trading volume relative to market capitalisation, with a modest boost for more recent listings.

WHY NEW LISTINGS BEHAVE DIFFERENTLY. Three things are true of a recent listing that are not true of an established asset. There is no price history, so every technical measure is either unavailable or computed on a sample too short to mean anything. Price DISCOVERY is still happening - the market has not settled on a valuation, so volatility is high for reasons unrelated to news. And the float is frequently small relative to eventual supply, which amplifies price moves and connects directly to the unlock-risk analysis.

THE RANKING METRIC IS TURNOVER - volume over market capitalisation - and it is genuinely ambiguous, which is the thing to understand. A high ratio means the asset changes hands rapidly relative to its size. That can indicate genuine interest and healthy liquidity. It can equally indicate speculative churn, a small float being traded intensively by few participants, or wash trading, which is cheapest to perform on exactly these assets. The metric cannot distinguish them, so a top-ranked asset here is an asset with unusual activity, and the reason for the activity is the open question.

THE RECENCY BOOST is a design choice with a cost: it systematically favours the assets with the LEAST information available. That is coherent for a monitor whose purpose is early awareness, and it is the opposite of what a quality screen would do.

SURVIVORSHIP APPLIES SHARPLY HERE. New listings have a high failure rate, and a screen run today sees only those that still exist and still meet the thresholds. Any impression of how this cohort performs, formed from looking at current lists over time, is formed from the survivors.

LISTING DATE IS A DATA ARTEFACT rather than a birth date - it is when the data provider began covering the asset, which can be well after the token launched.