Primary Listings Lead Price Discovery as 80% of Exclusive 2025 Tokens Hit Green

The 2025 crypto cycle has been defined by more than just Bitcoin hitting new all-time highs, it has been a year of structural evolution. As capital flows between on-chain venues and centralized exchanges (CEXs) reached fever pitch, the industry’s focus shifted toward how platforms source and price new assets. A new comprehensive audit by Gate Research, covering 447 spot listings throughout 2025, reveals a clear divergence in performance between fast-follow listings and primary launches. The data suggests that Gate has carved out a significant listing alpha, particularly within its exclusive project pipeline, where short-term price discovery was most intense, delivering a median gain of nearly 81% within the first 30 minutes of trading source: https://beincrypto.com/gate-2025-crypto-listing-alpha/