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.

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