Liquidity mining is heating up! Both CMC and Coingecko have successively introduced "mining ratings" and "impermanent loss calculators".

The acquisition of the cryptocurrency data platform CoinMarketCap (CMC) by Binance this year has not only shocked the industry, but also raised concerns within the crypto community about Binance's expanding reach into various sectors of the cryptocurrency industry. CMC has been continuously updating data transparency to showcase fairness, and has been developing new features to maintain its leading position. Recently, it has released new features such as "Liquidity Mining Rating" and "Impermanent Loss Calculator."

Coingecko closely follows

CMC's main competitor, Coingecko, also launched liquidity mining data today. Essentially, whatever CMC has, Coingecko also has, but it offers additional features such as "Formal Audits Count," "Customized Rankings," and an "APY Calculator."

In fact, following the acquisition of CMC, there have been continuous controversies, and at the end of August, news broke that five founding executives had resigned. In the crypto industry, many influential figures have started using other data platforms to replace CMC. This includes Deribit Insights researcher Hasu and The Block's Director of Research Larry Cermak, both of whom have switched to using Coingecko.