Gate, a major cryptocurrency exchange, has published its comprehensive 2025 Spot Listing Report, revealing significant data on new asset performance and market trends. The report details that Gate listed 447 newly added spot assets throughout the year.
From a supply perspective, 318 were primary listings (assets listed for the first time on any exchange), representing roughly 71% of the total. Among these, 28 were Gate-exclusive listings. The remaining 129 were nonprimary listings of assets already available elsewhere.
The performance analysis shows that 54.8% (245 out of 447) of newly listed assets were trading above their listing open price 24 hours after going live. Among the gainers, the average 24-hour return was a staggering 635%. However, looking at the median return across the entire sample (including decliners), the figure was a more modest 7.57%, which narrowed to 3.71% after trimming extreme moves (gains over 1,000% or losses below -90%).
Primary listings significantly outperformed nonprimary ones. In the 24-hour window, the median return for the full primary-listing sample was 12.56% (8.03% after trimming outliers). This was well above the median for nonprimary listings, which stood at just 1.18% (0.86% after trimming). This performance gap was most pronounced in the early post-listing window, from 5 minutes to 24 hours, with Gate-exclusive listings sustaining the highest median returns.
The report also highlighted key narrative focuses for 2025. AI and infrastructure projects gained significant traction. As the AI narrative broadened from applications to infrastructure, Gate maintained consistent coverage of these assets. The report cited Unibase (UB), an AI infrastructure candidate, which saw steady upward repricing after listing, ultimately reaching an all-time high of $0.086 on October 30—a peak gain of over 500% from its listing open.
Furthermore, the "massive user base and traffic gateway" category featured projects with high external attention. Pi Network (PI) was noted as an example, rising by nearly 60x over seven days after its Gate listing. The report framed the challenge for exchanges with such assets as managing concentrated trading demand and efficient price discovery.
