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5 Types of Cryptocurrencies and their FunctionUsing new data that covers both centralized and decentralized exchanges over time, we document the rise of DEXs, relative to centralized exchanges, since . We empirically verify that the market capitalizations of coins and tokens in the cryptocurrency universe follow power-law distributions with significantly. Cong and Xiao discuss emerging research on digital tokens and cryptocurrencies. They (i) provide a comprehensive categorization of crypto-tokens as observed.
