Analysis: Binance Alpha Token Drives BNB Chain Activity, Weekly Trading Volume Increases by Over 114%

Odaily Planet Daily reports that Binance Alpha has significantly increased on-chain activity on the BNB Chain. Data shows that the weekly transaction volume on BNB Chain has grown by 114.6%, with over 1 million new daily addresses. Among the first batch of launched Alpha tokens, 71% chose to deploy on BNB Chain, 60% were issued through Binance Wallet’s initial DEX offering (IDO) module, while the rest were launched via Launchpad and Launchpool. Currently, among the top 20 Alpha tokens by transaction volume, 9 are native to BNB Chain, including BSquared Network (B2), OKZOO (AIOT), Polyhedra Network (ZKJ), and others. Additionally, some projects like Haedal Protocol and Polyhedra Network have over 50% of their liquidity deployed on BNB Chain, driving growth in the chain’s total value locked (TVL). Binance has further incentivized user participation in Alpha token trading through Binance Alpha Points campaigns and trading competitions, enhancing demand for BNB. (Cointelegraph)