RootData

In Q1 2026, the total financing amount in the primary cryptocurrency market was $4.59 billion, a significant decrease of 46.7% compared to the previous quarter, with 170 financing events, a decline of 14.2% quarter-on-quarter, indicating that the market as a whole has entered a significant contraction period. However, alongside the overall decline, the distribution and structure of funds have shown a more extreme differentiation.

This briefing will reach out to institutional personnel involved in or leading the Listing work and collaborative research partners from VC institutions through the industry partner network.

Behind the wave of exchanges delisting and the tightening of coin listing reviews, the "information transparency" of projects is becoming a key threshold that determines whether they can be seen and trusted.

This month's cumulative spot trading volume on cryptocurrency exchanges has decreased slightly by 4.7% compared to January, which is the result of multiple factors including market conditions, the macro environment, and the Spring Festival holiday in Chinese-speaking regions.

Exchanging disclosure for trust, transparency is no longer a cost of the project, but a core asset for long-term thinkers.

In terms of strategic direction, YZi Labs has begun to extend into areas such as AI and stablecoins, but overall it is still in the layout and validation stage.

Use community verification mechanisms to examine the current state of information disclosure for exchange listing projects.

Review of the RootData Phase 2 Transparency Reward Program received 1,220 pieces of feedback, with an average approval rate of only 46.2%.

CEX Listing, as one of the most mysterious aspects of the crypto industry, has standards and evaluation systems that have always intrigued people.

The transparency rating system focuses on a core issue: Do exchanges truly fulfill their responsibility for information disclosure? Comprehensive information disclosure is not only a regulatory compliance requirement but also a necessary condition for protecting investors' rights and promoting healthy market development.