2026-01-01 16:25:28

After the launch of a leading exchange's Alpha product, other mainstream exchanges quickly followed suit. What does this reflect?

Industry insiders point out that this indicates the dominant exchanges now have enough influence to reshape market rules. Once a platform introduces innovative products or adjusts listing strategies, other exchanges face a dilemma: either follow suit to share the benefits or wait and see, but they may lose out on fee revenue and user retention.

In this competitive industry landscape, listing rules are gradually being rewritten. Trading opportunities for small coins, fee distribution, liquidity support—these formerly competitive points are now converging towards the top exchanges. While pursuing maximum profits, exchanges are also continuously adjusting their market positioning and ecosystem strategies.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

10 Likes

Reward
10
7
Repost
Share

Comment

0/400

¯\_(ツ)_/¯

· 10h ago

It's the same old story, top-tier small exchanges eat the meat while others drink the soup. This is the Matthew Effect—the strong get stronger, nothing new. If you can't compete, you can only follow the trend, pitiful. Once you hold the voice, it's hard to let go. How can small retail investors compare to large institutions? I've seen through it long ago; market rules are basically set by the big players. Competition? That's not really competition; it's land grabbing. The real question is, do small platforms still have a way out? Dominance by the top is the trend; it can't be resisted. Everyone is eyeing the transaction fees; the real issue is who can get a share. Following the trend leads to a dead end; resisting the trend is also a dead end—which to choose? Innovative products are just talk; fundamentally, it's about利益重组 (restructuring of interests). Small coin projects no longer have a chance—that's a fact.

View OriginalReply0

SchrodingersPaper

· 10h ago

Forget it, the top is the top, and our group of retail investors have long been arranged by fate. The winner takes all model, when will it be broken? I'm tired. What's the use of following the trend? It's just for big players to cut losses. Centralization will eventually lead to losses, but there's nothing we can do about it. Here we go again, isn't this just monopoly? Just dressed up as innovation. I'm really convinced, should small exchanges just die? Why? Wait, should I stay or should I run? My mind is a bit confused. To be honest, this is just the strong get stronger and the weak get weaker. Feels like I'm watching a never-ending destiny drama. Changing the rules, and how are we supposed to play? It's simply outrageous.

View OriginalReply0

BlockchainTherapist

· 10h ago

It's the same old trick. When the leading platform moves, others have to follow suit; if they don't, they'll be left behind.

View OriginalReply0

SchrodingersFOMO

· 10h ago

Follow the trend and copy quickly; if you don't copy, you'll die. This is the true reflection of Web3 right now.

View OriginalReply0

CoinBasedThinking

· 10h ago

The major exchanges' move this time is a classic case of dimensionality reduction attack; other platforms simply have no choice.

View OriginalReply0

unrekt.eth

· 10h ago

After the product and rule competitions, it's basically the big 8 and small 2 rule playing out on the exchange. Small platforms are left with no way out.

View OriginalReply0

GasWhisperer

· 10h ago

ngl this is just centralization theater dressed up as innovation... same fees, same gatekeeping, different branding

Reply0