After Upbit's listing pace noticeably slowed down, market enthusiasm has actually rebounded. This month, aside from stablecoins like USDE and non-crypto assets like XAUT, only 3 new projects were added.

But the effect is quite evident. A recent example is the listing of ELSA, which saw a fourfold increase—after a correction, it stabilized around double. The underlying listing strategy is quite clear: a dedicated effort by a major exchange platform + a DEX liquidity plan + Upbit Korea exchange. This combination essentially creates comprehensive coverage from overseas to Asia.

I have analyzed this phenomenon before, and it is especially prominent in the Korean market. The choice of exchanges carries significant weight, and when multiple leading platforms reach a consensus, the market response tends to be very敏ent.