Global cryptocurrency exchange MEXC released its November 2025 operations report, revealing a substantial increase in user activity and a record level of alignment between trading volume and price performance on its platform. The data underscores MEXC's strategy of rapid listing and early-stage asset discovery, which helped users access high-growth opportunities ahead of the broader market.
The Top 10 new tokens by trading volume on MEXC recorded an astonishing average peak gain of 1,329%. Utility tokens continued to dominate market gains, with the breakdown showing DeFi accounting for 30%, Infrastructure projects for 40%, and Decentralized AI for 20% of the top performers. The Binance Smart Chain (BSC) ecosystem led November returns, accounting for 40% of the top-performing tokens across DeFi, AI payment infrastructure, and entertainment applications.
A key metric highlighted was the trading volume and price performance correlation, which reached its highest rate in 2025 at 80%. This convergence suggests a market transition from speculative trading towards assets with deep liquidity and fundamental validation. November's top 10 tokens by peak performance alone recorded an even higher average gain of 1,664%, with eight of these tokens appearing on both the top 10 trading volume and top 10 price performance lists.
Specific standout performers were named. DeFi and infrastructure projects were led by MMT, which surged +2,720%, and Trust, which gained +1,900%. In the decentralized AI and entertainment segment, Beat achieved a remarkable +2,991% gain. Outside core utility sectors, MEXC's listing model enabled substantial gains in meme and learn-to-earn tokens, with WOJAKONX rising 2,076% and BAY gaining 1,758%.
Beyond spot trading, MEXC's user-focused programs drove significant engagement. Launchpad users earned up to 125% returns through the MON launchpad campaign, while a SOL launchpad campaign offered new users a 50% discount. The MEXC Airdrop+ program was particularly active, conducting 46 campaigns in November, distributing over 2.3 million USDT, and attracting more than 6,500 participants.
The report also analyzed ecosystem diversity. While BSC captured 40% of high-performing tokens, Ethereum captured 20%, with assets focused on technical infrastructure like data storage and AI tooling. SUI and BASE ecosystems were represented by projects in DeFi and InfoFi infrastructure, and emerging ecosystems like MONAD and ALGO contributed to chain diversification.
Founded in 2018, MEXC serves over 40 million users across 170+ countries and regions. The exchange positions itself as providing early access to high-potential projects and diversified earning opportunities, especially as the market stabilizes and liquidity increasingly aligns with fundamentals.
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