## Direct Answer

- Axiom Exchange is a cryptocurrency trading platform focused on DeFi and memecoins, likely founded in 2024 by Preston Ellis and Henry Zhang, and backed by Y Combinator.
- It operates on the Solana blockchain, offering features like wallet tracking, Twitter monitoring, and MEV-resistant trading.
- The platform has seen rapid growth, with reports suggesting over $100 million in daily trading volume by April 2025 and a significant market share among Solana meme coin traders.

### Overview
Axiom Exchange, often called Axiom, is a trading platform for cryptocurrencies, especially in decentralized finance (DeFi) and memecoins, built on the Solana blockchain. It seems likely that it was founded in 2024 by Preston Ellis and Henry Zhang, with backing from Y Combinator, a well-known startup accelerator.

### Key Features
The platform offers advanced features for traders, including real-time wallet and Twitter (X) tracking, MEV-resistant order execution to protect against unfair trading practices, and a non-custodial wallet for secure asset storage. Users can also earn rewards through trading and referrals, with tools for analytics to help make informed decisions.

### Growth and Adoption
Research suggests Axiom has grown quickly, reportedly reaching over $100 million in daily trading volume by April 2025, with around 26,769 active traders and a 30% market share among Solana meme coin traders. This indicates strong adoption, though some reports mention potential issues like false trading behavior, which may need further investigation.

---

## Survey Note: Comprehensive Analysis of Axiom Exchange

This note provides a detailed examination of Axiom Exchange, a cryptocurrency trading platform focused on decentralized finance (DeFi) and memecoins, particularly on the Solana blockchain. The analysis is based on available online information as of May 4, 2025, and aims to cover its history, features, technology, partnerships, and reception, ensuring a thorough understanding for researchers, investors, and enthusiasts.

### Introduction and Background
Axiom Exchange, often referred to simply as Axiom, is a trading platform designed to simplify and enhance the trading experience in the DeFi space, with a particular emphasis on memecoins and perpetuals. The platform is built on the Solana blockchain, known for its high-speed and low-cost transactions, making it suitable for high-frequency trading environments. Research suggests it was founded in 2024 by Preston Ellis and Henry Zhang, emerging from Y Combinator's W25 batch, a prestigious startup accelerator known for supporting innovative tech companies.

### Historical Context and Founding
The historical context of Axiom Exchange is relatively recent, with evidence pointing to its founding in 2024. The founders, Preston Ellis and Henry Zhang, are noted on Y Combinator's profile, with Henry Zhang previously working at TikTok on generative AI for ads, suggesting a strong technical background. The company's rapid rise is highlighted by its inclusion in Y Combinator, which likely provided initial funding and mentorship, contributing to its early success.

### Features and Services
Axiom Exchange offers a comprehensive suite of features tailored for both novice and professional traders:

- **Trading Capabilities**: Users can trade memecoins, perpetuals, and earn yield on their holdings, with integration for leveraged trading through Hyperliquid.
- **Real-Time Monitoring**: The platform includes wallet tracking and Twitter (X) feed monitoring, allowing users to stay updated on market movements and potential trading opportunities.
- **Security Features**: It employs MEV-resistant order execution to protect against front-running and sandwich attacks, ensuring fair trade execution. The non-custodial wallet, secured by Turnkey's infrastructure, offers air-gapped security and seamless recovery options.
- **Rewards and Incentives**: A rewards system enables users to earn points and SOL through trading, referrals, and completing quests, with a ranking system that increases reward rates for more active users.
- **Analytical Tools**: Advanced analytics and real-time data are provided, powered by integrations like TradingView for chart UI, enhancing decision-making capabilities.

These features are designed to abstract the technical complexities of DeFi, allowing users to trade any asset on any chain under one account without needing to bridge, swap, or manage multiple apps.

### Technological Infrastructure
Axiom's technological foundation is built on the Solana blockchain, leveraging its high throughput and low latency for efficient trading. The platform's proprietary order execution engine ensures trades are processed quickly, with limit orders landing in ≤1 block, a critical feature for high-frequency trading environments. It also integrates with Hyperliquid for leveraged perpetuals, expanding its trading offerings. The non-custodial wallet, secured by Turnkey, uses air-gapped architecture to protect against vulnerabilities, enhancing user trust and security.

### Partnerships and Backing
Axiom Exchange is backed by Y Combinator, a significant endorsement that likely facilitated its initial growth and credibility. Partnerships include Turnkey for wallet infrastructure, ensuring robust security, and Hyperliquid for perpetual trading services. Additionally, the platform's chart UI is powered by TradingView, enhancing its analytical capabilities. These collaborations underscore Axiom's strategy to leverage established players to strengthen its offerings.

### Market Reception and Adoption
Since its launch, Axiom has seen remarkable adoption, with reports indicating it achieved $10 million in monthly recurring revenue (MRR) and $5 million in monthly net profit, as noted on Y Combinator's profile. By April 2025, an article on FXStreet reported Axiom surpassing $100 million in daily trading volume, capturing over 50% of Solana's daily volume and holding a 30% market share among Solana meme coin traders, with 26,769 active traders. User sentiment, as per reviews on Coinmonks, has been largely positive, praising its speed, security, and advanced features, though some mention it's early days with no long-term track record. There is a note of potential false trading behavior, which warrants further scrutiny for any controversies.

### Comparative Analysis and Market Position
Axiom positions itself against competitors like Photon and Bullx on Solana, with its high trading volumes suggesting a competitive edge in the meme coin trading space. Its focus on user experience, abstracting technical complexities, and offering comprehensive tools sets it apart, though its reliance on Solana may limit its appeal compared to multi-chain platforms. The platform's rapid growth indicates strong market fit, particularly for traders focused on volatile memecoins.

### Detailed Metrics and User Feedback
To provide a structured overview, the following table summarizes key metrics and feedback as of April 2025:

| **Metric**                  | **Details**                                      |
|-----------------------------|-------------------------------------------------|
| Founding Year               | 2024                                            |
| Founders                    | Preston Ellis, Henry Zhang                      |
| Backer                      | Y Combinator                                    |
| Daily Trading Volume (Apr 2025) | Over $100 million (reported, likely $101 million) |
| Active Traders (Apr 2025)   | 26,769                                          |
| Market Share (Solana Meme Coins) | 30%                                          |
| Monthly Recurring Revenue   | $10 million                                     |
| Monthly Net Profit          | $5 million                                      |
| User Feedback               | Mostly positive, early stage, no long-term data |

This table encapsulates the platform's growth and user reception, highlighting its significant market presence.

### Potential Controversies and Future Outlook
While Axiom has seen rapid success, there are mentions of potential false trading behavior, as noted in the FXStreet article, which could raise concerns about market manipulation. This aspect requires further investigation to assess any regulatory or ethical implications. Looking ahead, Axiom's future may depend on expanding beyond Solana, addressing scalability, and maintaining security as its user base grows. Its backing by Y Combinator and strong early metrics suggest a promising trajectory, but the DeFi space's volatility necessitates cautious optimism.

### Conclusion
Axiom Exchange represents a significant innovation in the DeFi trading space, particularly for memecoin traders on Solana. Its rapid growth, advanced features, and strong backing position it as a leader, though potential controversies and the need for long-term data highlight areas for ongoing evaluation. This analysis provides a foundation for understanding its current state and future potential, useful for stakeholders in the cryptocurrency ecosystem.

## Key Citations
- [Axiom Exchange official trading platform](https://axiom.trade/)
- [Y Combinator company profile for Axiom](https://www.ycombinator.com/companies/axiom)
- [FXStreet news on Axiom volume surge](https://www.fxstreet.com/cryptocurrencies/news/axioms-volume-surpasses-100m-as-meme-trading-platform-war-escalates-on-solana-202504151150)
- [SolanaGuides Axiom trading guide](https://solanaguides.com/axiom-trading-airdrop-guide-memecoin-trading-platform/)
- [Coinmonks Axiom Trade review article](https://medium.com/coinmonks/axiom-trade-pro-review-74d576b0761a)
- [Coinmonks Axiom trading bot settings guide](https://medium.com/coinmonks/best-settings-for-axiom-trading-bot-top-alternatives-7f04fe5a554d)

Axiom

### Key Points
- CoinGecko is a cryptocurrency data aggregator founded in 2014 by TM Lee and Bobby Ong in Singapore.
- It tracks over 16,000 cryptocurrencies, offering real-time prices, market caps, and trading volumes.
- The platform provides educational resources like newsletters and podcasts, supporting multiple languages and currencies.
- Research suggests CoinGecko is a trusted source, cited by industry publishers, with no major controversies identified.

---

### Introduction
CoinGecko is a website that helps people understand the cryptocurrency market by collecting and sharing data. It was started in 2014 and is known for tracking prices, market values, and trading activities for thousands of cryptocurrencies. This makes it easier for users to make informed decisions about their investments.

### History and Founders
CoinGecko was founded on April 8, 2014, by TM Lee and Bobby Ong in Singapore. Their goal was to make cryptocurrency data accessible to everyone, providing a complete view of the market beyond just prices. Over time, it has grown to track over 16,000 cryptocurrencies, becoming a key resource for investors.

### Features and Impact
CoinGecko offers features like real-time updates, historical charts, and a mobile app for tracking portfolios. It also includes educational tools such as a daily newsletter and quarterly reports. The platform supports multiple languages and currencies, making it user-friendly globally. Research suggests it has become a trusted source, often cited by top industry publishers, and has partnerships with various cryptocurrency projects.

---

### Survey Note: Detailed Analysis of CoinGecko

This section provides a comprehensive overview of CoinGecko, a cryptocurrency data aggregator, based on extensive research conducted on May 4, 2025. The analysis covers its history, features, impact, and supporting evidence, ensuring a thorough understanding for users interested in its role in the cryptocurrency market.

#### Background and Context
CoinGecko is recognized as one of the largest independent cryptocurrency data aggregators globally, offering a 360-degree view of the market. It was founded with the mission to democratize access to cryptocurrency data, empowering users with actionable insights. This aligns with the growing need for transparent and reliable information in the volatile cryptocurrency sector, especially as of 2025, with a global market cap of $3,089,450,362,980 and a 2.6% change in the last 24 hours, as per recent data.

#### Historical Development
CoinGecko was established on April 8, 2014, by TM Lee and Bobby Ong in Singapore. The founders aimed to provide more than just price tracking, focusing on a holistic view that includes developer activity, community engagement, and historical data. Since its inception, it has evolved significantly, launching key initiatives like quarterly cryptocurrency reports in October 2017 and a daily newsletter in April 2018. By 2025, it tracks over 16,000 cryptocurrencies across more than 1,000 exchanges, reflecting its growth and adaptation to market demands.

#### Key Features and Functionality
CoinGecko's platform is designed to cater to both novice and experienced cryptocurrency users. It offers:

- **Real-Time Data Tracking**: Tracks 16,975 cryptocurrencies, providing live updates on prices, market caps, and trading volumes, with a total trading volume of $50,435,398,458 in the last day as of recent data.
- **Mobile Accessibility**: A mobile app for iOS and Android, available at [CoinGecko App Store](https://apps.apple.com/us/app/coingecko-crypto-tracker-nft/id1390323960) and [Google Play](https://play.google.com/store/apps/details?id=com.coingecko.coingeckoapp), allows users to track portfolios and receive notifications like price alerts and portfolio changes.
- **Educational Resources**: Includes a daily newsletter, quarterly reports, and a podcast, accessible via [CoinGecko News](https://www.coingecko.com/en/news), offering curated crypto news and trends.
- **Multilingual Support**: Supports languages like English, Русский, and Deutsch, and currencies like USD, EUR, and JPY, enhancing global accessibility.

A summary of key features is presented below:

| Feature                          | Description                                                                 |
|-----------------------------------|-----------------------------------------------------------------------------|
| Cryptocurrency Tracking           | Over 16,000 coins, real-time prices, market caps, trading volumes           |
| Mobile App Functionality          | Portfolio tracking, price alerts, NFT floor price updates, daily reminders  |
| Educational Tools                 | Daily newsletter, quarterly reports, podcast for market insights            |
| Language and Currency Support     | Multiple languages (e.g., English, Russian) and currencies (e.g., USD, EUR) |

#### Impact on the Cryptocurrency Industry
CoinGecko has had a significant impact on the cryptocurrency community, serving millions of users with unbiased data. It is often cited by top industry publishers, as seen in its features on [Forbes](https://www.forbes.com/profile/coingecko/) and [Cointelegraph](https://es.cointelegraph.com/tags/coingecko). Its partnerships, such as with Arkham Intelligence in August 2024, enhance trading analytics, as reported on [Owler](https://www.owler.com/company/coingecko). The platform's focus on transparency, evidenced by its Trust Score for exchanges, has helped users navigate the market, contributing to its reputation as a trusted source.

#### User Experience and Limitations
User feedback, as seen in reviews on [Google Play](https://play.google.com/store/apps/details?id=com.coingecko.coingeckoapp), highlights a 4.8 average app rating and over 1 million downloads, indicating strong user satisfaction. However, some limitations include dependency on third-party exchanges, which could lead to data inaccuracies, and manual data input for portfolio tracking, as noted in a [CoinBureau review](https://coinbureau.com/review/coingecko-review/). Despite these, CoinGecko's comprehensive approach, including categories like Solana Memecoins and AI coins, caters to diverse user needs.

#### Research Methodology and Sources
The analysis was conducted by reviewing CoinGecko's official website, [CoinGecko About Page](https://www.coingecko.com/en/about), and third-party sources like [Crunchbase](https://www.crunchbase.com/organization/coingecko) for company details, [Forbes](https://www.forbes.com/profile/coingecko/) for founder information, and [CoinGecko 10th Anniversary Article](https://www.coingecko.com/learn/10th-anniversary) for historical context. Market data was sourced from [CoinGecko's live data](https://www.coingecko.com/), ensuring accuracy as of May 4, 2025. No major controversies were identified, with searches on [Quora](https://www.quora.com/Whats-great-and-flawed-about-CoinGecko) and other platforms confirming a lack of significant issues.

#### Conclusion
CoinGecko stands as a pivotal resource in the cryptocurrency ecosystem, offering extensive data and educational tools since its founding in 2014. Its growth to track over 16,000 cryptocurrencies and its impact on market transparency highlight its importance. While minor limitations exist, its trusted status and global reach make it a valuable tool for users worldwide.

---

### Key Citations
- [CoinGecko About Page Information](https://www.coingecko.com/en/about)
- [Forbes Profile on CoinGecko Founders](https://www.forbes.com/profile/coingecko/)
- [Crunchbase Profile on CoinGecko Company](https://www.crunchbase.com/organization/coingecko)
- [CoinGecko 10th Anniversary Historical Context](https://www.coingecko.com/learn/10th-anniversary)
- [CoinGecko App Store Download Link](https://apps.apple.com/us/app/coingecko-crypto-tracker-nft/id1390323960)
- [CoinGecko Google Play Download Link](https://play.google.com/store/apps/details?id=com.coingecko.coingeckoapp)
- [CoinGecko News and Updates](https://www.coingecko.com/en/news)
- [CoinBureau Review of CoinGecko Features](https://coinbureau.com/review/coingecko-review/)
- [Owler Company Profile for CoinGecko Partnerships](https://www.owler.com/company/coingecko)
- [Cointelegraph Articles Citing CoinGecko](https://es.cointelegraph.com/tags/coingecko)
- [Quora Discussion on CoinGecko Flaws](https://www.quora.com/Whats-great-and-flawed-about-CoinGecko)

Coingecko

### Key Points
- CoinMarketCap is a leading website for cryptocurrency data, founded in 2013 by Brandon Chez.
- It provides prices, volumes, and market caps for over 11,000 cryptocurrencies, owned by Binance since 2020.
- Research suggests it plays a key role in market transparency, though its acquisition raised concerns about impartiality.
- The evidence leans toward its impact being significant, with warnings like the 2021 "Squid" coin scam highlighting its influence.

### Overview
CoinMarketCap is a vital resource for anyone interested in cryptocurrencies, offering real-time and historical data to help users make informed decisions. Founded in 2013, it has grown into one of the most trusted platforms in the crypto space, now owned by Binance since their 2020 acquisition. This ownership has sparked some debate about potential conflicts of interest, but it continues to provide essential tools like portfolio trackers and liquidity metrics.

### History and Ownership
Starting in New York City, CoinMarketCap was created by Brandon Chez to track emerging crypto markets. By 2018, it was among the most visited websites globally, per *The Wall Street Journal*. Key events include removing South Korean exchanges in 2018, affecting XRP's market cap, and introducing a liquidity metric in 2019 to combat fake volumes. Binance's acquisition in April 2020, valued at around $400 million, marked a significant shift, with the platform remaining independent under a holding company.

### Features and Impact
The site tracks over 11,000 cryptocurrencies, offering features like real-time updates, exchange rankings, and market insights. Its 2019 liquidity metric replaced volume rankings to better reflect market activity, addressing issues like wash trading. CoinMarketCap's warnings, such as the 2021 "Squid" coin scam, have been cited by major media, showing its role in fraud prevention and market transparency.

---

### Survey Note: Comprehensive Analysis of CoinMarketCap

This survey note provides an in-depth exploration of CoinMarketCap, a pivotal platform in the cryptocurrency ecosystem, based on extensive research into its history, features, ownership, and impact. The analysis aims to offer a detailed understanding for users seeking a thorough overview, building on the key points and sections above.

#### Introduction and Background
CoinMarketCap, founded in 2013 by Brandon Chez in New York City, emerged as a response to the growing need for reliable cryptocurrency data. The platform's mission has been to provide accurate, timely, and unbiased information on prices, trade volumes, and market capitalizations, serving a global audience. By May 4, 2025, it remains a cornerstone for crypto enthusiasts, investors, and traders, with its data frequently referenced in media and industry reports.

#### Historical Development
The platform's journey began with a focus on tracking emerging crypto markets, quickly gaining traction. By 2018, *The Wall Street Journal* recognized it as one of the most popular websites worldwide, reflecting its rapid adoption. Key historical milestones include:

- **January 2018**: CoinMarketCap made a significant decision to exclude South Korean exchanges from its price calculations due to regional price discrepancies. This action led to a notable decline in XRP's market capitalization, creating market turbulence and highlighting the platform's influence on pricing dynamics.
- **November 2019**: To address the issue of fake trading volumes, often inflated through practices like wash trading, CoinMarketCap introduced a "Liquidity" metric. This shift aimed to provide a more accurate measure of market activity, focusing on order book depth and trading efficiency, as detailed in a blog post from CoinMarketCap ([CoinMarketCap Launches New Liquidity Metric](https://blog.coinmarketcap.com/2019/11/11/coinmarketcap-launches-new-liquidity-metric/)).
- **April 2020**: Binance, a leading cryptocurrency exchange, acquired CoinMarketCap for an estimated $400 million, as reported by *Forbes* ([Forbes: Binance Acquires CoinMarketCap](https://www.forbes.com/sites/stevenehrlich/2020/04/02/binance-acquires-coinmarketcap-for-400-million/?sh=4d8d3e2a7b6d)) and *The Block* ([Binance to acquire CoinMarketCap in $400 million deal](https://decrypt.co/24031/binance-to-acquire-coinmarketcap-in-400-million-deal)). The deal, primarily in equity and BNB, was one of the largest in the crypto space, raising questions about potential conflicts of interest but with assurances of maintaining independence under a holding company.

In November 2021, CoinMarketCap gained attention for warning users about the "Squid" coin, a cryptocurrency inspired by the Netflix series *Squid Game*. The token, revealed as a scam with investors unable to sell, saw its value collapse, and CoinMarketCap's alert was cited by *The New York Times* ([The New York Times: Squid Coin Crypto Scam](https://www.nytimes.com/2021/11/02/business/squid-coin-crypto-scam.html)) and *Vice* ([Vice: Squid Game Memecoin Collapse](https://www.vice.com/en/article/z3new3/squid-game-memecoin-collapse)), underscoring its role in fraud prevention.

#### Features and Functionality
CoinMarketCap's features are designed to cater to a wide range of users, from casual investors to professional traders. Key offerings include:

- **Data Coverage**: Tracks over 11,000 cryptocurrencies, providing real-time and historical data on prices, market caps, and trading volumes. This extensive coverage is accessible via its official website ([CoinMarketCap Official Website](https://coinmarketcap.com/)).
- **Portfolio Tracker**: Users can create and monitor their crypto portfolios with real-time updates, enhancing personal investment management.
- **Market Insights**: Includes tools like the CoinMarketCap Index (CMC 100), Fear and Greed Index, and Altcoin Season Index, offering insights into market trends and sentiment.
- **Exchange Rankings**: Serves as a source for ranking cryptocurrency exchanges, initially based on volume but shifted to liquidity in 2019 to address manipulation concerns.
- **Liquidity Metric**: Introduced to replace volume as the default ranking metric, focusing on order book depth and slippage. This metric, detailed in CoinMarketCap's support documentation ([Liquidity Score Methodology](https://support.coinmarketcap.com/hc/en-us/articles/360035679972-Liquidity-Score-Methodology)), aims to provide a more reliable indicator of market liquidity, encouraging genuine trading activity over inflated volumes.

These features have made CoinMarketCap a go-to resource, with its mobile app also offering real-time tracking and news, as noted in app store descriptions ([CoinMarketCap: Crypto Tracker on the App Store](https://apps.apple.com/us/app/coinmarketcap-crypto-tracker/id1282107098)).

#### Ownership and Independence
Since its acquisition by Binance in April 2020, CoinMarketCap has operated under Binance's ownership, with the deal valued at approximately $400 million. Despite concerns about potential bias, Binance CEO Changpeng Zhao emphasized maintaining independence, with the platform run under a holding company. This structure aims to preserve its role as an unbiased data provider, though some industry observers, as noted in *Finance Magnates* ([CoinMarketCap Acquisition by Binance: Centralization in Action](https://www.financemagnates.com/cryptocurrency/exchange/coinmarketcap-acquisition-by-binance-centralization-in-action/)), have raised concerns about centralization and impartiality in rankings.

#### Impact on the Cryptocurrency Ecosystem
CoinMarketCap's impact is multifaceted, influencing both market dynamics and user behavior:

- **Transparency and Trust**: By providing accurate data, it has become a trusted source, helping to instill transparency in a market often criticized for opacity. Its data is frequently cited in media, reinforcing its authority.
- **Market Influence**: Rankings and metrics, especially post-2019 with the liquidity metric, affect investor decisions, with exchanges vying for top spots to attract users. The 2018 South Korean exchange removal, for instance, significantly impacted XRP's market cap, illustrating its market-moving potential.
- **Fraud Prevention**: The 2021 "Squid" coin warning, where CoinMarketCap highlighted issues like users unable to sell on PancakeSwap, demonstrated its role in protecting users. This was covered extensively by *CBS News* ([Squid Game crypto coin promoters vanish with investor millions in "rug pull" scam](https://www.cbsnews.com/news/squid-game-cryptocurrency-rug-pull-scam/)) and others, showing its influence in scam alerts.
- **Industry Standard**: As a benchmark for crypto data, it is often referenced in research and reports, solidifying its position as an industry standard, as seen in its citations by *Bloomberg* and other outlets.

#### Comparative Context
Compared to competitors like CoinGecko ([Cryptocurrency Prices, Charts, and Crypto Market Cap | CoinGecko](https://www.coingecko.com/)) and CoinCap.io ([CoinCap.io | Reliable Cryptocurrency Prices and Market Capitalizations](https://coincap.io/)), CoinMarketCap stands out for its historical dominance and extensive user base, with Alexa rankings placing it significantly ahead in web traffic. However, the 2020 acquisition by Binance has intensified competition, with some users turning to alternatives for perceived impartiality.

#### Tables for Clarity
To organize key details, the following tables summarize critical aspects:

| **Detail**               | **Information**                                                                 |
|--------------------------|---------------------------------------------------------------------------------|
| Founded                  | 2013                                                                           |
| Country of Origin        | United States                                                                  |
| Area Served              | Worldwide                                                                      |
| Owner                    | Binance (since April 2020)                                                     |
| Founder(s)               | Brandon Chez                                                                   |
| Industry                 | Data tracking                                                                  |
| URL                      | [CoinMarketCap Official Website](https://coinmarketcap.com/)                   |
| Popularity Milestone     | By 2018, one of the most popular websites (*The Wall Street Journal*)          |
| Significant Event 1      | January 2018: Removed South Korean exchanges, impacted XRP market cap          |
| Significant Event 2      | November 2019: Introduced Liquidity metric for transparency                    |
| Acquisition              | April 2020: Acquired by Binance, deal possibly $400 million (*Forbes*)         |
| Fraud Warning            | November 2021: Warned about "Squid" coin scam, cited by *Vice*, *NYT*         |

| **Feature**              | **Description**                                                               |
|--------------------------|-------------------------------------------------------------------------------|
| Data Coverage            | Tracks over 11,000 cryptocurrencies, real-time and historical data            |
| Portfolio Tracker        | Real-time updates for user-created crypto portfolios                          |
| Market Insights          | Includes CMC 100, Fear and Greed Index, Altcoin Season Index                  |
| Exchange Rankings        | Ranks exchanges, shifted to liquidity metric in 2019                          |
| Liquidity Metric         | Replaces volume, focuses on order book depth, combats fake volumes            |

These tables encapsulate the platform's evolution and functionality, providing a structured overview for users.

#### Conclusion
CoinMarketCap remains a foundational element of the cryptocurrency ecosystem, offering critical data and tools while navigating challenges like ownership changes and market manipulation. Its role in transparency and fraud prevention, as seen in the "Squid" coin case, underscores its importance, though ongoing debates about impartiality post-acquisition highlight the complexities of its influence. This analysis, current as of May 4, 2025, provides a comprehensive view for users seeking to understand its significance.

### Key Citations
- [CoinMarketCap Official Website](https://coinmarketcap.com/)
- [Forbes: Binance Acquires CoinMarketCap](https://www.forbes.com/sites/stevenehrlich/2020/04/02/binance-acquires-coinmarketcap-for-400-million/?sh=4d8d3e2a7b6d)
- [CoinMarketCap Launches New Liquidity Metric](https://blog.coinmarketcap.com/2019/11/11/coinmarketcap-launches-new-liquidity-metric/)
- [Liquidity Score Methodology](https://support.coinmarketcap.com/hc/en-us/articles/360035679972-Liquidity-Score-Methodology)
- [The New York Times: Squid Coin Crypto Scam](https://www.nytimes.com/2021/11/02/business/squid-coin-crypto-scam.html)
- [Vice: Squid Game Memecoin Collapse](https://www.vice.com/en/article/z3new3/squid-game-memecoin-collapse)
- [Cryptocurrency Prices, Charts, and Crypto Market Cap | CoinGecko](https://www.coingecko.com/)
- [CoinCap.io | Reliable Cryptocurrency Prices and Market Capitalizations](https://coincap.io/)
- [Squid Game crypto coin promoters vanish with investor millions in "rug pull" scam](https://www.cbsnews.com/news/squid-game-cryptocurrency-rug-pull-scam/)
- [Binance to acquire CoinMarketCap in $400 million deal](https://decrypt.co/24031/binance-to-acquire-coinmarketcap-in-400-million-deal)
- [CoinMarketCap Acquisition by Binance: Centralization in Action](https://www.financemagnates.com/cryptocurrency/exchange/coinmarketcap-acquisition-by-binance-centralization-in-action/)

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