Coinbase has recently revealed that Fartcoin (FARTCOIN) and Subsquid (SQD) will be added to its listing roadmap, signaling strong market interest in the two altcoins. The announcement has had a positive effect on their prices, with both tokens seeing modest increases in value.
While Fartcoin, a meme token on the Solana network, surged by 14%, Subsquid, a data lake and query engine on Arbitrum (ARB), gained 9%. Despite the positive price movements, Coinbase clarified that the tokens are not yet available for trading, with listing dependent on market-making support and technical infrastructure.
As the largest cryptocurrency exchange in the U.S. by trading volume, Coinbase continues to expand its asset offerings, this time by adding Fartcoin and Subsquid to its listing roadmap. The inclusion of these tokens has garnered significant attention, with both tokens experiencing price gains following the announcement.
Fartcoin is a meme-inspired token built on the Solana network , while Subsquid is a decentralized data lake and query engine designed to support decentralized applications on the Arbitrum network . The listing of these two tokens underscores Coinbase’s commitment to diversifying its cryptocurrency offerings beyond well-established coins like Bitcoin and Ethereum, aiming to accommodate a growing demand for alternative assets in the crypto space.
Price Gains and Surge in Trading Volume
Following the Coinbase announcement, Fartcoin saw a sharp uptick of approximately 14%, rising from around $0.91 to a peak of $1.04. The token later experienced a minor correction, but at the time of writing, it still maintained a 9.8% increase in value. The surge in price coincided with a massive spike in trading volume, which shot up by 100.3%, reaching $411 million in the 24-hour period following the announcement. This surge in trading volume has placed Fartcoin in the number six spot among trending cryptocurrencies on CoinGecko, indicating its rising popularity.
In contrast, Subsquid, which serves as a data infrastructure project within the Arbitrum ecosystem, experienced a more moderate 9% price increase following the news. At the time of publication, SQD was priced at $0.20, with a 6.1% gain. While the price increase for SQD was less dramatic than that of Fartcoin, the token’s steady rise reflects positive sentiment surrounding its growing utility in the dApp ecosystem, particularly within the Arbitrum network.
Coinbase’s listing announcements have historically been followed by a series of price movements, typically characterized by an initial surge in value followed by a correction once the initial excitement settles. The latest moves for Fartcoin and Subsquid follow this pattern, suggesting that market participants are reacting to news rather than fundamental shifts in the assets themselves.
Despite the price jumps, Coinbase emphasized that trading for both tokens will depend on the platform meeting the necessary conditions for market-making support and technical infrastructure. This means that the tokens will only be officially listed once Coinbase confirms the proper liquidity and trading infrastructure are in place.
The announcement follows Coinbase’s broader strategy to include a variety of alternative cryptocurrencies on its platform, diversifying from more established assets like Bitcoin and Ethereum. By expanding its listings, Coinbase is not only responding to retail investor demand but also addressing the growing institutional interest in alternative and emerging blockchain-based projects.
Trends in Price Movement Following Listing Announcements
As Coinbase continues to add new assets to its platform, market trends show a pattern of initial price gains followed by corrections. This was the case with the listing of PancakeSwap earlier this year, where the token briefly rose 5.8% before experiencing a decline. Similarly, Ethena, which was added to Coinbase's roadmap earlier in 2025, saw a swift price increase, but its upward trajectory was short-lived as the initial excitement faded.
These price movements reflect the speculative nature of crypto markets, where traders often buy into coins in anticipation of an official listing and quickly exit when they believe the price has peaked. Such patterns are common in the meme coin and emerging token markets, where volatility is amplified by external factors like exchange listings, media attention, and retail sentiment.
The inclusion of Fartcoin, a meme-inspired token, further emphasizes the growing role of meme coins in the cryptocurrency ecosystem. Although meme coins have faced criticism for their speculative nature and lack of inherent utility, they continue to attract significant attention from retail investors. The inclusion of Fartcoin on Coinbase’s roadmap highlights the platform’s recognition of the ongoing meme coin craze, which has seen the rise of tokens like Dogecoin and Shiba Inu.
For Coinbase, listing meme coins like Fartcoin may be a strategic move to tap into a highly active retail investor base that has driven much of the recent market growth. Meme coins can generate rapid price movements and significant trading volumes, which benefits exchanges like Coinbase that rely on trading fees. However, this also increases the risk of volatility, as meme coins are often subject to market manipulation and pump-and-dump schemes.
A Growing Focus on DeFi and Layer-2 Ecosystems
The listing of Subsquid, a project built on Arbitrum, underscores Coinbase’s growing focus on supporting projects that integrate with layer-2 solutions and decentralized finance applications. Arbitrum, as a layer-2 scaling solution for Ethereum, is gaining traction for its ability to increase transaction speeds and reduce gas fees, making it an attractive platform for developers building decentralized applications.
Subsquid, a decentralized data lake and query engine, plays an important role in enhancing the data infrastructure of the Arbitrum network. As DeFi adoption continues to rise, platforms like Subsquid that facilitate data access and improve network scalability will become integral to the DeFi ecosystem’s growth. This highlights Coinbase’s recognition of the importance of layer-2 solutions and their potential to scale Ethereum-based decentralized finance projects.
The addition of Fartcoin and Subsquid to Coinbase’s listing roadmap reflects the exchange's broader strategy of expanding its offerings to meet growing demand for alternative cryptocurrencies. As the DeFi space continues to grow and new blockchain-based projects emerge, Coinbase’s efforts to list smaller and emerging tokens could help solidify its position as a leading platform for both retail and institutional investors.
Looking ahead, it is likely that Coinbase will continue to integrate DeFi projects and layer-2 solutions into its listings as the demand for these types of assets rises. The increasing interest in alternative cryptocurrencies indicates a larger trend towards diversification in the digital asset market, with Ethereum scaling solutions and DeFi-focused tokens at the forefront.
Coinbase’s listing of Fartcoin and Subsquid underscores its strategy of expanding its portfolio of cryptocurrencies, recognizing the increasing demand for alternative assets within the rapidly evolving blockchain ecosystem. As TRX, Solana, Arbitrum, and Ethereum continue to attract attention for their growing DeFi applications and scalability, Coinbase is positioning itself to offer both traditional cryptocurrencies and innovative blockchain projects to a broad range of users.