#DeFiChallenge - Which #Altcoins Could #Upbit , South Korea’s Largest Exchange, List?

Annually conducted by Upbit, the biggest stock market in South Korea, #UDC garners interest as a possible listing instrument. The cryptocurrency analysis platform Layergg has released a report on UDC and the exchange's potential. This is the specifics.

About 66 projects have taken part in the UDC so far; 37 of those projects were listed at the KRW Fair prior to their UDC participation.

Of the remaining 29 projects, 13 were listed as KRW pair after UDC, thus reaching the level of 44.8% in proportion. Additionally, 17 were listed as KRW or BTC pair after UDC.

The power of Upbit listings is clearly evident in the market performance of various cryptocurrencies. Even for cryptocurrencies with high market caps, Koreans showed a strong reaction:

LINK: Increased by 500%. (Market Cap #9 – July 16, 2020 – BTC pair)

XTZ: Increased by 300%. (Market Cap #13 – July 16, 2020 – BTC pair)

ALGO: Increased by 600%.

Early projects with low market value also saw significant growth:

TONE: Increased by 1700%.

MILK: It's up 1000%.

KRW-pair (listed), BTC-pair (unlisted):

Astar Network (ASTR): Recently listed on the KRW market by #DAXA member Bithumb.Mina (MINA): After joining in 2022, it will join the UDC once again in 2023.Stargate Finance (STG): Listed on the KRW market by DAXA member Bithumb.

KRW-pair (unlisted), BTC-pair (unlisted):

Gala (GALA): Listed on the KRW market by DAXA member Bithumb.LayerZero (ZRO): STG was already listed. A possible listing may occur after the airdrop.Smooth Love Potion (SLP): After joining in 2022, it will join the UDC once again in 2023. (AXS is already listed)

*This is not investment advice.