A look at DeFi token exchange listings

The DeFi market is now undoubtedly in a frenzy. Governance tokens launched by DeFi protocols have outperformed the broader market, and there are no signs of that trend stopping anytime soon.

What makes this frenzy unique, however, is the distribution mechanism. Most of the new governance tokens distribute a significant portion of the supply through liquidity mining, where participants get rewarded for providing liquidity (or otherwise participating in a protocol).