# CNT analysis for Liqwid

CNT analysis for Liqwid

Here is a summarized analysis of the CNTs for a potential listing on Liqwid, based on data from CoinGecko and Taptools (as of July 2, 2025):


:small_blue_diamond: Current Listed Tokens on Liqwid

  • BTC, ADA, MIN, IAG, LQ, COPI, SNEK

:small_blue_diamond: Tokens Under Consideration for Listing

  • STRIKE, WMTX, INDY, Bodega, Sundae, NVL, STUFF

:mag: Summary of Findings

:chart_with_upwards_trend: Volatility Analysis

  • All CNTs show volatility similar to or higher than ADA.
  • STRIKE and BODEGA have higher volatility, compounded by incomplete 365-day history.
  • SNEK recently experienced a spike in volatility.
  • WMTX and SUNDAE show low volatility, indicating stability.

:chart_with_downwards_trend: Max Drawdown (30-day)

  • All CNTs demonstrate drawdowns comparable to ADA.
  • SNEK, STRIKE, LQ, IAG, and BODEGA experienced >10% drawdown in the last 30 days, indicating short-term price weakness.

:money_with_wings: Trading Volume (90-day)

  • WMTX and SNEK lead in trading volume, followed by IAG and COPI.
  • STRIKE shows strong trading volume despite no CEX listing.
  • COPI, though CEX-listed, saw relatively lower trading volume than expected.

:droplet: Liquidity (Taptools)

  • MIN has the highest liquidity among all CNTs.
  • SNEK, WMTX, and SUNDAE follow with solid on-chain liquidity.
  • Remaining tokens have liquidity below $1M, posing potential risks in collateralization and liquidation slippage.

:green_circle: Recommendations for Listing Priority

Strong Candidates (Low risk, strong metrics):

  • WMTX – High volume, low volatility, strong liquidity, revenue-generating project.
  • SUNDAE – Solid liquidity and stable behavior, backed by an experienced team.
  • INDY – Widely used stablecoin issuer, already listed on Liqwid (iUSD), consistent track record.

Watchlist (Pending further due diligence or more data):

  • STRIKE – High volume but needs more data due to volatility and shorter history.
  • BODEGA – Similar concerns to STRIKE with higher drawdown.
  • NVL, STUFF – Limited visibility in metrics; more time & data needed.

:paperclip: Appendices (Granular Data — see here after)

  • Volatility
  • Max Drawdown
  • Average Daily Trading Volume
  • On-chain Liquidity (Taptools snapshot)

Results about the volatility regarding the price movement

Volatility DATA 30 days Volatility 90 days Volatility 365 days Volatility
BTC 1.7% 2.2% 2.6%
Cardano 3.2% 3.9% 6.2%
STRIKE 12.6% 10.4% N/A
WMTX 3.9% 3.9% 5.3%
Indigo 4.7% 4.6% 7.2%
Minswap 4.3% 4.2% 6.8%
IAGON 6.6% 5.7% 7.1%
LQ 5.8% 6.0% 7.9%
COPI 3.0% 3.3% 4.6%
Bodega 10.2% 8.1% N/A
SNEK 8.3% 7.2% 9.9%
SUNDAE 3.7% 3.9% 6.1%
NVL 4.0% 5.4% 6.7%
STUFF 3.3% 4.5% 5.6%

Conclusion:

  • All CNTs exhibit volatility similar to, or higher than, ADA.
  • Strike and Bodega do not have 365days data yet and have a higher volatility that the other CNT. Snek experimented also a big increase of volatility recently

Results about the max drawdown regarding the price movement

Volatility DATA Maximum 30D Drawdown Maximum 90D Drawdown Maximum 365D Drawdown
BTC -3.0% -6.4% -8.6%
Cardano -5.7% -12.7% -24.7%
STRIKE -14.9% -16.5% N/A
WMTX -7.4% -11.4% -16.7%
Indigo -8.8% -12.2% -24.0%
Minswap -8.5% -11.5% -24.0%
IAGON -11.1% -15.4% -25.9%
LQ -11.5% -11.7% -31.7%
COPI -5.6% -7.9% -20.2%
Bodega -14.3% -17.0% N/A
SNEK -14.5% -19.3% -30.8%
SUNDAE -9.9% -9.9% -24.0%
NVL -7.4% -13.0% -28.0%
STUFF -7.8% -11.2% -25.9%

Conclusion:

  • All CNTs exhibit drawdowns comparable to ADA.
  • SNEK, STRIKE, LQ, IAG, and BODEGA have experienced higher drawdowns than other CNTs, with values exceeding 10% over the past 30 days.

Results about the trading volume

Trading Volume 30 days Volume 90 days Volume 365 days Volume
STRIKE 301’850 148’951 71’066
WMTX 7’672’702 8’658’417 7’354’061
Indigo 61’684 48’955 80’659
Minswap 129’509 145’875 239’339
IAGON 427’005 396’011 527’423
LQ 36’475 35’186 70’677
COPI 212’658 168’720 288’554
Bodega 106’019 53’905 35’848
SNEK 1’478’530 1’764’892 2’454’896
SUNDAE 9’550 11’205 29’409
NVL 42’619 48’001 50’563
STUFF 28’245 32’845 69’069

Conclusion:

  • WMTX and SNEK recorded the highest trading volumes over the past 90 days, followed by IAG and COPI.
  • Strike has achieved notably high trading volumes despite not being listed on any centralized exchange (CEX), whereas COPI, which is listed on a CEX, has seen relatively lower volume in comparison.

Results about the Liquidity volume on DEX

Liquidity $Volume Tokens
STRIKE 2’000’000
WMTX 2’680’000
Indigo 2’160’000
Minswap 9’930’000
IAGON 2’980’000
Hosky 998’000
LQ 1’240’000
COPI 1’003’000
Bodega 916’000
SNEK 7’430’000
SUNDAE 2’470’000
NVL 899’000
STUFF 1’140’000

Conclusion:

  • MIN has the highest liquidity among the CNTs, followed by SNEK, then WMTX and SUNDAE.
  • All other CNTs have average liquidity below $1 million.
4 Likes

the under consideration set consists of some very popular cardano native tokens with large communities. Would be great to move these onto the platform.