ChainCatcher message, in response to Binance's recent rapid listing frequency and the bulk introduction of large-cap VC projects to the market, which has led to liquidity issues, Binance co-founder He Yi stated that the crypto market is a free market where liquidity and trading volume are shared among all trading platforms. Even if Binance does not list new projects, these projects still exist, and funds will be diverted to the entire industry.In addition to the unlocking of VC-invested projects, meme coins, on-chain shitcoins, yield farming, and Ponzi schemes will also divert liquidity. After the approval of ETFs, traditional financial market funds will also flow directly into the crypto space.She pointed out that some VCs do indeed lead to inflated prices, but VCs generally have a 7-year lock-up period, with the unlocking period usually one year after the TGE, so many VCs are also going bankrupt. Projects that secure large financing have more opportunities to navigate through the bubble cycle, but the price and governance model are determined by the project parties, which requires in-depth analysis.He Yi also mentioned that the rise of DeFi has increased market liquidity and freedom, making it more difficult for CEXs to set rules, which is precisely the charm of the free market in the crypto space. She reminded everyone to do their own research (DYOR).