According to cryptocurrency market data aggregator Messari, so-called fair launch tokens are ahead of most projects issued via centralized token distribution,
Messari defines a fair launch token as a publicly announced launch without pre-mining. These include the crypto assets Bitcoin and Litecoin, which are in the top 10 crypto assets, newer DeFi projects such as Yearn.Finance and SushiSwap, and the 2013 veteran Peercoin.
Fair start chips (made public, without mines) are superior in terms of performance.
Contains $BTC, $SUSHI, $DOGE, $HNT, $SFI, $YFI, $FARM, $CVP.
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Fair Launch tokens appear to be outperforming the broader crypto markets by more than double over the past three months.
The top 1,026 cryptocurrencies rose an average of 9.56% last week, compared to an average increase of 31.44% for Fair Launch projects in the same period.
In the last 30 days, Fair Launch tokens are up 145.33% compared to the collective crypto average of 49.50%, while in the last 90 days Fair Launch projects are up 296.46% compared to 112.41%.
Fair Launch tokens also outperformed the average Ethereum-based asset, rising 1.90%, 43.82%, and 248.45% over the past seven, thirty, and ninety days, respectively.
The data shows that all but one IPO coin advanced this week, with only DOGE losing 20%.
Nevertheless, DOGE is the most successful IPO asset over the past 30 and 90 days, up 515% and 1,815% respectively, after it was pummeled by the infamous r/Wallstreetbets subreddit in late January.
After the unfortunate dumping, DOGE rebounded after Tesla’s hypothetical CEO Elon Musk tweeted about the meme in early February.
The performance of Fair Launch tokens has also been helped by the meteoric rise of bitcoin, which has been gaining momentum since it hit the $20,000 mark in December. The consolidation of Yearn Finance’s ecosystem has also contributed to the strong recent performance of Yearn and SushiSwap.
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