A report from crypto data provider, Cross Angle, claims that tokens which first gain traction on Uniswap have consistently provided 208% returns on average once listed by major centralized exchanges.
In the past, much had been said about the “Coinbase effect” and “Binance effect”, in which a token’s price allegedly experiences fast appreciation once listed by either of the former exchanges. However, this time, it is purportedly a combination of listings that yields results. The report’s authors examined a number of tokens that landed on a major centralized exchange after having already been listed by the Uniswap decentralized exchange. They concluded:
“The average return for top Uniswap-listed projects that successfully land on CEXs is a staggering +208% (YFI, YFII, REN, RSR, ZAP, AMPL, OM, BAL, SNX, UMA). Their token price, volume, wallet count, and active wallet count all…