DataLight, the Blockchain startup that analyzes all types of crypto-related data, recently published a new study that specifically focuses on exchange-based tokens. The tokens were grouped according to their market capitalization, daily trading volume, liquidity, and Twitter hype.
The most obvious leader
Binance Coin (BNB), the native token of the number one exchange by daily trading volume, greatly outperforms all other exchange-based tokens. With a market cap of $1.609 bln, it is easily bigger than all other coins from the same category combined (ABBC Coin (ABBC), its closest competitor, occupies only 40th place).
The liquidity problem
It is worth noting that the aforementioned ABBC coin takes the cake when it comes to liquidity (36.7 percent). For comparison, the liquidity of Binance Coin (BNB) stands at 6.5 percent, which is one of the worst results among the cryptocurrencies on the list.
Meanwhile, DataLight revealed that Bitcoin (BTC) liquidity almost doubled since the beginning of 2019 Ethereum (ETH) liquidity also increased by 2.5 times.
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