Analysis: Binance Alpha significantly boosts BNB Chain activity, with weekly trading volume increasing by over 114%
ChainCatcher news, according to Cointelegraph, Binance Alpha has significantly increased the on-chain activity of BNB Chain, with data showing that the weekly trading volume of BNB Chain has grown by 114.6%, and over 1 million new addresses are added daily.Among the first batch of launched Alpha tokens, 71% chose to deploy on BNB Chain, with 60% released through the initial DEX offering (IDO) module of Binance Wallet, while the rest were launched via Launchpad and Launchpool. Currently, among the top 20 Alpha tokens by trading volume, 9 are native to BNB Chain, including BSquared Network (B2), OKZOO (AIOT), Polyhedra Network (ZKJ), and others.In addition, some projects like Haedal Protocol and Polyhedra Network have liquidity exceeding 50% deployed on BNB Chain, driving the total value locked (TVL) growth of the chain. Binance has also further incentivized user participation in Alpha token trading through the Binance Alpha Points campaign and trading competitions, enhancing the demand for BNB.