Inside the Centralized Exchange (CEX) Token sector, 07 October 2026
The Centralized Exchange Token sector tracked 19 constituents as of 07 October 2026, with one member accounting for the majority of combined market capitalisation.
Sector Composition and Concentration
As of 07 October 2026, the Centralized Exchange (CEX) Token sector carried a combined market capitalisation of $135.5 billion across 19 tracked constituents. Concentration is pronounced: BNB alone held a market capitalisation of $103.0 billion, representing roughly 76% of the sector total. The next two largest members, WhiteBIT Coin ($9.9 billion) and LEO Token ($8.2 billion), together add a further approximately 13%. The remaining 16 constituents therefore account for a small residual share, meaning aggregate sector figures are heavily shaped by movements in the single largest member.
Fee Stream Coverage
Of the 15 constituents listed with detail here, eight carry a measurable annualized fee figure derived from the trailing 30 days to 07 October 2026, while seven show no fee data at all. Among those with a fee stream, the figures span several orders of magnitude—from BNB's annualized $260.0 million down to GRX Chain's annualized $116.6—making cross-member comparisons on this dimension highly uneven. The absence of a fee figure for nearly half the listed members limits the degree to which on-chain or platform revenue can be used as a uniform analytical input across the sector.
Distance from All-Time Highs
The spread of drawdown from all-time highs across the listed members is wide. As of 07 October 2026, GRX Chain stood 0.70% below its all-time high, the smallest gap recorded among the group, while Arkham registered 96.77% below its all-time high, the largest. Several members sit in a mid-range band between roughly 40% and 80% below their respective peaks. These figures describe each asset's position relative to its own historical maximum and do not constitute comparisons against a common benchmark.
What the Sector Label Does and Does Not Convey
The label Centralized Exchange Token groups assets that are in some way issued by or associated with centralized trading venues. However, the label does not imply uniformity of token design, utility, or governance structure. Some tokens in the sector may function primarily as exchange-native utility or fee-discount instruments; others carry lending, staking, or broader ecosystem functions. The presence of constituents with no measurable fee stream alongside those with substantial annualized fees illustrates that the revenue relationship between token and issuing platform varies considerably. Additionally, market capitalisation figures reflect circulating supply multiplied by market price and may not correspond to the operational scale of the underlying exchange. Readers should therefore treat the sector grouping as a navigational convenience rather than evidence of economic or structural comparability among all 19 tracked members.
Seven-Day Return Dispersion
Over the trailing 7 days to 07 October 2026, returns across the listed members ranged from +62.1% for GRX Chain to −3.2% for Cronos, with most members clustered in a narrower band between approximately −2% and +4%. The width of that range suggests that sector-level return figures mask substantial individual variation.