In the first quarter of 2026, under the background of significant pressure on the overall cryptocurrency market and a cautious risk preference for funds, high-quality early-stage assets have become one of the most attractive structural opportunities in the market. Gate's spot sector launched 37 new assets in Q1, covering 77.1% of the new projects added by leading exchanges in that quarter, of which 27 were debut projects, accounting for 73% of the new assets launched by Gate; another 14 were exclusive projects, accounting for 37.8%. In the face of increasing market volatility, Gate still maintained a stable pace of asset listing, a strong capability to support high-quality projects, and the continued ability to provide positive return opportunities.

1. Overall Overview: High Coverage, High Debut, and High Exclusive Ratio Together Form the Foundation

From the total sample size, in the first quarter of 2026, with Gate included among 7 major platforms as the sample, the leading exchanges launched a total of 48 new projects, of which Gate launched 37 projects in this quarter, corresponding to a coverage rate of 77.1%. This means that among the new quality supply competing for attention by leading platforms in Q1, Gate covered more than three-quarters of the projects.

For ordinary users, the importance of coverage rate is self-evident. It directly affects whether users can see a sufficiently complete market of core new projects on the same platform. If a platform has a low coverage rate, even if a few projects perform well, it can easily give users the impression that significant projects are not adequately covered. A coverage rate of 77.1% indicates that at least in this stage of Q1, Gate still closely follows the mainstream new project supply system, allowing users to engage with most noteworthy new assets on the platform.

However, what truly determines Gate's competitiveness is not only the coverage but also the structure of that coverage.

Among all 37 new assets launched by Gate in Q1, debut projects account for 27, or 73%; exclusive projects account for 14, or 37.8%. If we further calculate according to the total sample of leading exchanges, Gate's debut coverage rate reaches 56.3%. This means that out of the 48 new projects launched by leading exchanges in Q1, more than half were debuted by Gate.

A high proportion of debut projects indicates that Gate has a strong appeal at the critical point where projects transition from primary narrative to secondary market. When project teams choose Gate among the first publicly traded venues, it essentially represents recognition of Gate's user base, liquidity support capacity, initial price discovery efficiency, and market dissemination ability. A platform that can continuously gain debut projects often means it is in a relatively proactive position in the competition for project resources.

A significant proportion of exclusive projects further reflects a valuable capability. Debut projects demonstrate the platform's ability to engage with mainstream quality supply, while exclusive projects indicate whether the platform possesses independent judgment and differentiated acquisition capabilities. This is especially important in a weak market environment, where the difficulty of screening exclusive projects is even higher. Exclusivity means there aren’t enough external platforms to validate simultaneously; the platform needs to bear the responsibility for judgment. If project selection is flawed, post-listing data will quickly reveal the issues; if exclusive projects perform well after listing, it not only shows that the platform has resources but also has strong pre-listing judgment capabilities.

From the overall overview, it can be summarized that Gate Q1's foundation can be characterized by three features.

(1) Sufficiently broad coverage, indicating sustained participation in leading new supply;

(2) A high proportion of debut projects, suggesting strong acceptance capacity at the starting point of quality projects entering the market;

(3) A considerable ratio of exclusive projects, indicating the platform does not merely follow the market but actively seeks to discover and arrange differentiated targets.

When combined, these three points constitute the starting point for Gate's spot asset listings in Q1. Because only when the three dimensions of coverage, debut, and exclusivity are simultaneously achieved can the platform's asset listing system be deemed complete.

2. Post-Listing Performance: Reflects Stable Positive Return Coverage from Short Cycles to 7-Day Windows

To assess how well a platform performs in asset listing, it's not enough to merely consider whether it has acquired projects, but also whether those projects exhibit stability in their performance post-listing. An important characteristic of Gate in Q1 is that the performance of newly listed projects shows a coherent time series across multiple holding periods, maintaining a relatively stable overall positive return coverage.

Figure 1: Proportion of Gate's new coins that increased in value across various timeframes from 5 minutes to 7 days

In terms of the increase proportions, among the new projects listed in Q1, 58.3% experienced price increases within the first 5 minutes, 54.1% continued to increase within the 1-hour mark, 56.8% were still positive after 24 hours, 54.1% increased after 3 days, and the proportion of projects maintaining an increase after 7 days stood at 50.0%. From this data, it's clear that the positive return coverage of Gate's listed projects remains relatively stable across multiple holding periods.

Many new projects during the opening phase are driven by early capital, short-term sentiment, and flow diffusion, leading to a rapid upsurge. However, if the project lacks sufficient support or if the platform's capital acceptance strength is inadequate, such increases often retract quickly, resulting in noticeably weakened performance after 24 hours. However, this is not the case for Gate's overall Q1 sample. Whether it be 5 minutes, 1 hour, or even 24 hours and 3 days, the proportion of increases has remained consistently above 50%, indicating that the projects launched on the platform in this batch did not generally exhibit the trend of high opening prices followed by declines during their core price discovery window post-listing.

Particularly over the 24-hour and 3-day timeframes, which hold greater practical reference value. Because the users truly engaged in new coin trading are not all extreme short-term traders; many lean more towards intra-day, overnight, or short-cycle holding. For this group of users, the proportion of projects that increased within 24 hours is 56.8%, and the proportion that increased after 3 days is 54.1%, which represents data that is closer to the authentic participation experience. It illustrates that the positive return opportunities for Gate's newly listed projects are not limited to the initial trading moment but exhibit a level of continuity within the core holding window post-listing.

Looking further at the average price increase of rising projects, it can provide clearer insight into profit elasticity. In Q1, the average growth for rising projects over the periods of 5 minutes, 1 hour, 24 hours, 3 days, and 7 days were 238.0%, 275.7%, 326.3%, 311.6%, and 270.1%, respectively. This indicates that once high-quality new coins at Gate establish positive feedback in the early stage, their price release potential is still quite substantial. Particularly in the 24-hour and 3-day windows, average growth remains around 300%, which means the wealth effect of high-quality projects has not dissipated in the weak market but is more concentrated in selected high-quality targets after screening.

Figure 2: Average growth of rising projects at Gate across various timeframes (5m–7d)

Of course, simply looking at average growth does not fully capture the whole picture. Average values can be skewed by extreme high-multiple projects, masking the typical performance of most projects. Therefore, the significance of the median here is particularly important.

The median growth for new projects in Q1 was as follows: 5 minutes +3.2%, 1 hour +2.4%, 24 hours +9.3%, 3 days +10.0%, and 7 days +0.01%. Even setting aside the extreme high-multiple projects, a typical performance based on the sample shows that Gate's new coins still presented a relatively clear positive return state at 24 hours and 3 days; that is, the overall performance of Gate's spot asset listings in this quarter is not solely reliant on a few exceptional cases raising the average but rather indicates a foundation of positive returns for the majority of projects during their core observation window post-listing.

Figure 3: Median growth of newly listed projects at Gate across various timeframes (5m–7d)

For ordinary users, what truly determines the participation experience is not the presence of one or two absurdly high “meme coins,” but whether the overall quality of the new coins on the platform is sufficiently uniform and has a certain degree of repeatability. From the median data, it is evident that Gate Q1, at least in the period from 24 hours to 3 days, offers a relatively clear answer: the platform's spot asset listings exhibit strong consistency and certain positive expectations.

Meanwhile, the 7-day median being nearly flat also highlights another fact. The advantages of new coins mainly concentrate in the early price discovery phase post-listing, rather than extending indefinitely. After 7 days, the market enters a more differentiated and elimination phase, and the disparities between projects will quickly widen. Thus, for users, not all new coins should be held long-term, but instead, the initial 24-hour to 3-day window presents clearer and more stable density of return opportunities.

3. Debuts and Non-Debuts: A Dual-Line Structure

When discussing a trading platform's capability in asset listings, many instinctively focus solely on debut projects. While debuts are important, if a platform truly has a mature asset listing system, its advantages are reflected not only in debut projects but in the ability to create clear revenue logic across different types of projects. The Q1 data shows this particularly well for Gate.

3.1 Debut Projects: Dominant in Number, Greater Yield Elasticity

In Q1, Gate launched a total of 27 debut projects, accounting for 73% of all new projects listed. Debut projects comprise the main body of Gate's asset listing system, meaning that in most cases, they directly participated in the initial phase of projects entering the secondary market.

The standout feature of debut projects is their greater yield elasticity. Data shows that nearly 46% of debut projects remained on an upward trend after 7 days following their listing; the average growth rating of rising projects for the first day, 3 days, and 7 days reached 502.8%, 440.7%, and 364.3%, respectively. This signifies that Gate's core advantage in debut projects lies not just in being first to list but in creating market momentum from the onset, often leading to stronger price elasticity.

Figure 4: Average returns of rising projects at Gate across different holding cycles (1d, 3d, 7d)

In looking at the distribution of extreme returns, this high elasticity is further validated. Among Q1 debut projects, 7.4% surged over 500% or even 1,000% within 24 hours. This illustrates that the debut segment in Gate's asset listing system acts as an entry point for high odds opportunities. Not every project will necessarily skyrocket, but once the debut projects selected by the platform resonate with market interest, narrative strength, and traffic diffusion, the resulting price feedback is typically more pronounced.

The logic behind this is not complex. Debut projects are at the very beginning of public trading; price discovery has not yet been fully completed, and market awareness of the project is still rapidly forming, making it easier of funds to concentrate within a short timeframe. For the platform, those who can secure high-quality projects during this stage are more likely to provide users with high odds and high visibility early trading opportunities. For users, debut projects offer the possibility of earlier involvement and greater yield elasticity, but it also means higher volatility and faster differentiation.

3.2 Non-Debut Projects: Fewer in Number, but Stable Trends

Compared to debut projects, Gate had only 10 non-debut projects in Q1, a noticeably smaller number. However, in terms of performance, this section of projects exhibited a more robust median return.

Figure 5: Proportion of rising non-debut projects at Gate across different timeframes and median return (5m–7d)

Data shows that non-debut projects had a rising proportion of 80%, 90%, 90%, 80%, and 60% across 5 minutes, 30 minutes, 24 hours, 3 days, and 7 days, respectively, with corresponding median returns of +26.7%, +33.3%, +72.9%, +46.6%, and +3.2%. Additionally, 40% of non-debut projects saw growth exceeding 100% within 24 hours.

This data indicates that while Gate's non-debut projects may lack the direct pricing power seen in debut projects, they display a higher success rate in upward movements under the platform's screening mechanism. The reason lies in that non-debut projects usually have undergone initial market validation. When introduced by the platform, they can be re-screened with more comprehensive pricing performance, community interest, narrative spread, and market acceptance, making them likely to outperform debut projects in terms of certainty.

Overall, Gate's structuring of asset listings does not solely rely on debuts for its advantages but has formed two complementary paths: debut projects provide greater elasticity and stronger wealth effects, while non-debut projects offer more robust median returns. The former leans towards “offensive,” while the latter skews towards “defensive,” collectively enhancing the platform's adaptability across different user preferences. From the platform's perspective, this dual-line structure is more sophisticated than merely pursuing more debuts. It shows that Gate is not mechanically striving for a higher number of debuts; outside of debuts, it can also continuously provide effective opportunities through timely introduction and re-screening of non-debut projects.

4. Exclusive Projects: The Sector That Most Reflects Gate's Proactive Judgment Capability

While debut projects demonstrate the platform's engagement capacity with mainstream quality supply, exclusive projects reflect a more proactive screening ability, resource acquisition ability, and pre-judgment capacity of the platform. Exclusive projects can directly reflect a platform's project aesthetics, risk control abilities, and execution efficiency.

In Q1, Gate exclusively launched 14 projects, representing 37.8% of all new projects. This proportion indicates that Gate was not merely passively participating in the mainstream listing rhythm in this quarter but largely possessed its own differentiated project pool. More critically, these exclusive projects did not perform poorly; rather, they displayed strong competitiveness across multiple key time windows post-listing.

Figure 6: Proportion of rising exclusive projects at Gate across different timeframes and median returns (24h–7d)

In terms of success rates, exclusive projects achieved rising ratios of 64.3%, 71.4%, and 57.1% over 24 hours, 72 hours, and 7 days, respectively, with the performance in the 72-hour window being particularly remarkable. This means that during the 2nd to 3rd day after listing, Gate's exclusive projects did not rapidly decline with the ebbing of opening enthusiasm; instead, they formed a clearer market funding support and upward effect.

From the perspective of median returns, exclusive projects reached +42.4%, +37.8%, and +12.1% over 24 hours, 72 hours, and 7 days, respectively, indicating that exclusive projects not only have higher upward proportions but also exhibit median returns significantly greater than the overall sample. This suggests that the strong performance of exclusive projects is not purely a result of a few extreme cases; rather, it demonstrates that the majority of these projects can provide good return quality during their core windows.

Looking at the distribution of extreme returns reveals more about the uniqueness of exclusive projects. From 30 minutes to 30 days post-listing, more than 20% of exclusive projects consistently saw growth exceeding 100%; during the 3rd to 7th-day phase, the proportion of projects with growth surpassing 100% reached as high as 35.7%, significantly outpacing the level of all debut projects at 15.4%; even extending to the 30 day timeframe, there were still 12.5% of exclusive projects that achieved growth of 500% or even 1,000%.

These statistics collectively indicate that Gate's exclusive projects do not merely gain some initial popularity due to their scarcity at the outset but consistently execute price discovery and obtain buying support across various time windows post-listing, with a high probability of displaying more significant output on the return curve.

5. Case Review

From the case studies of Q1, it is apparent that Gate's project selection is roughly structured along three pathways: one category involves projects of high attention across the entire network, where Gate completes debut or prefers to engage early, followed by other platforms verifying their merits; another consists of exclusive projects that perform consistently well post-launch, reflecting the platform’s independent screening capabilities; and the last includes narrative projects with strong community dissemination and topic-spreading capabilities, showcasing the platform’s sensitivity to the sentiment-driven track.

5.1 Solana Mobile (SKR): Completing Frontline Debuts on High Attention Projects

Solana Mobile is part of the DePIN track, and after its TGE, it saw an all-time high surge of 2,459%, with a 30-day increase of 715%. As the official hardware phone from Solana blended with Web3 applications, Solana Mobile has innate brand endorsement, community foundation, and dissemination advantages. Gate debuted simultaneously with two other CEXs and preemptively launched a day before B*** Alpha to capture market share, indicating Gate's quick responsiveness to globally high-attention new projects in Q1.

From SKR's debut engagement, it is evident that Gate can enter key windows early for projects with high traffic, high topics, and high expectations, allowing users to trade before these projects receive broader coverage. Such capability showcases Gate's competitive position in providing mainstream quality project supply.

5.2 CodexField (CODEX): A High Return Representative Among Exclusive Projects

CodexField belongs to the content creation track and is one of Gate's most representative exclusive projects in Q1. Its all-time high increase reached 4,900%, and as of March 25, it maintained a growth of 2,566%, with B***, B***, and B*** having yet to launch.

If exclusive projects best exemplify a platform's proactive screening capabilities, then CodexField serves as a typical testament to Gate's strength in this regard. Before its launch, the project secured investment from Gate Labs, and Gate also provided it with the first secondary market pricing entry, ultimately resulting in a strong wealth effect.

On certain projects that have not yet received broad coverage but display strong growth potential and market imagination, Gate has the ability to complete preemptive layouts and can leverage the platform's liquidity and user base to turn these projects into verifiable market results.

5.3 Lobster: A Preemptive Layout Sample in the AI + Meme Narrative

The combination of AI and Meme belonged to a high-interest but also high-differentiation direction in Q1. Many projects have topics but may lack sustainability; many projects exhibit dissemination capability but fail to convert into trading results. Lobster belongs to the AI + Meme direction, debuted by Gate, achieving an all-time high increase of 286% and a 7-day increase of 164%; B*** Alpha followed suit the next day after observing Gate’s market leader signals. This case precisely reflects Gate's preemptive layout capabilities in high dissemination narratives and its ability to complete price discovery early.

From the perspective of these cases overall, it is evident that Gate's Q1 spot listings were not driven by a single type of project but rather resulted from a blend of multiple tracks, styles, and narratives. The platform can both accommodate high-attention mainstream projects as well as unearth exclusive growth projects; it can cover both tech-like and product-like projects while also identifying community culture and sentiment-driven assets. This diversity, in itself, is an important indicator of the maturity of Gate's asset listing system.

6. Conclusion

In summary, the performance of Gate's spot listings in the first quarter of 2026 can be encapsulated in one phrase: amidst the overall market pressure, declining opportunity density, and heightened project differentiation, Gate still maintained a high-quality supply of new projects and persuasive post-listing performance.

In a market stage where achieving good results is challenging, Gate's overall sample maintained a high proportion of upward trends across multiple time windows, with median returns being positive at 24 hours and 3 days, indicating that new coin performance exhibits considerable breadth. Debut projects provide greater yield elasticity while non-debut projects offer higher success rates, and exclusive projects demonstrate greater scarcity and stronger mid-term performance. The platform's ability to list assets is not a point of solitary breakthroughs but a reflection of systematic capabilities.

For users, Gate provides a more complete style and clearer rhythm for early project participation. Users who prefer high-elasticity opportunities can seek higher odds among debut projects; users who prefer a more stable path can focus on the high success rate characteristics of non-debut projects; users who want to engage with differentiated targets before extensive coverage in the mainstream market can concentrate on monitoring Gate's exclusive project sector. For project teams, the Q1 data results also indicate that Gate possesses strong initial trading acceptance capabilities, liquidity organization abilities, and price discovery capabilities.

From a longer-term perspective, the ultimate competition for exchange spot asset listing capabilities hinges upon maintaining relatively stable acquisition capabilities, screening abilities, and results realization across different market stages. The Q1 data from Gate clearly verifies this: even in a weak market, Gate can still select accurately, filter reliably, and achieve notable outputs.

Disclaimer

Investing in the cryptocurrency market involves high risks. Users are advised to conduct independent research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages resulting from such investment decisions.

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