Analysis: Binance Alpha Boosts BNB Chain Activity, Weekly Trading Volume Increases Over 114%

According to Cointelegraph, Binance Alpha has significantly increased the on-chain activity of BNB Chain, with data showing that BNB Chain's weekly trading volume increased by 114.6%, with more than 1 million new addresses added every day.

Of the first batch of alpha tokens listed, 71% chose to deploy on BNB Chain, 60% through Binance Wallet's Initial DEX Offering (IDO) module, and the rest through Launchpad and Launchpool. Nine of the top 20 alpha tokens by current trading volume are native to BNB Chain, including BSquared Network (B2), OKZOO (AIOT), Polyhedra Network (ZKJ), and more.

In addition, some projects such as Haedal Protocol and Polyhedra Network have deployed more than 50% of their liquidity on BNB Chain, driving the chain's total locked volume (TVL) growth. Binance has also boosted the demand for BNB through the Binance Alpha Points campaign and trading contest, which further incentivizes users to participate in Alpha token trading.

15.68K

The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.