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MEXC Sees 4,770% Growth in New Tokens amid Market Downturn
The cryptocurrency market has been experiencing a tumultuous period recently, with the global crypto market cap falling by nearly 8% in a single day. Amidst this backdrop, MEXC, a popular cryptocurrency exchange, has witnessed an astonishing 4,770% growth in new tokens listed on its platform.
This remarkable surge can be attributed to the exchange’s bold listing strategy that focuses on emerging ecosystems and trends. In March alone, MEXC listed 129 new tokens, with a significant proportion of these being from the BSC ecosystem. This strategic move has undoubtedly drawn investors seeking high-growth opportunities, which in turn has contributed to the exchange’s impressive growth.
In fact, spot trading for these newly listed tokens experienced an astonishing 30.1% month-over-month increase, with MEXC now accounting for over 50.8% of all spot volume on its platform. Furthermore, the inclusion of meme tokens and other speculative assets has resulted in a notable rise in investor participation.
MEXC’s innovative approach to engagement is further amplified by its recent 0% Trading Fees Campaign. This initiative aimed at popular trading pairs such as SOL/USDT, HYPE/USDT, AAVE/USDT, and AIXBT/USDT has yielded an impressive 17.8% increase in user participation and a staggering 170.2% rise in trading volume.
In particular, the SOL/USDT pair witnessed a remarkable 209% growth in market share, skyrocketing from 9.8% to 30.3%. This development underscores MEXC’s commitment to fostering an environment that supports both the growth of new tokens and its users’ engagement.
The article highlights the importance of adaptability and innovation within the cryptocurrency space.
Source: https://www.coinspeaker.com/mexc-sees-4770-percent-growth-in-new-tokens/
