Since the launch of Binance Alpha with the Binance Web 3 wallet on December 27, despite ongoing controversies, 32 tokens have already been announced. This article will analyze the data since its launch; is it good or bad to be listed on Binance Alpha? What are the criteria for the selected tokens?
(Binance Alpha Launch: Early potential projects exposed, Binance enhances transparency before token listings.)
The editor marked the wrong link, causing a mix-up at the start of the launch.
Binance Alpha mainly provides exposure for early projects, announcing selected tokens every day at six o'clock in the evening Taiwan time on the Binance Web 3 wallet. Binance launched this activity primarily to enhance transparency before token listings, and users can also see token information on the page, including token type, associated public chain, market capitalization, trading volume, etc. At the same time, Binance provides users with options for quick trading.
However, at the time of launch, the official account actually pinned the wrong community link, leading to fake Binance Alpha announcements in a fake community, creating significant confusion among users. The product manager later also addressed community concerns directly during an AMA.
Binance Alpha is still dominated by meme tokens.
Here are the 32 tokens selected by Chain News for Binance Alpha since its launch (as of December 24):
Previously, CZ stated that he believes meme coins are becoming strange and that people should focus on the parts of blockchain that are truly productive. Subsequently, Binance also launched a decentralized exchange on the BNB chain. So what are the standards for listing on Binance Alpha? In fact, according to statistics, among the current 32 tokens, 9 are meme tokens, accounting for 28%, making it the largest project on the platform.
(Is BNB Chain AI the next hot spot? CZ promotes the integration of AI with blockchain, researchers pinpoint a protocol hitting the hot spot.)
So what about the AI-related tokens? There are 8 tokens related to AI (including AI meme), of which 4 are AI agents. These include aixbt and LUNA on the Virtuals platform, GRIFFAIN on the Solana chain, and AICell on the BNB chain. However, the emerging ones are mainly new AI agent themes rather than traditional computing power or storage-related DePin topics.
In the DeSci section, both URO and RIF introduced in previous articles made the list, and with the news of the BIO Protocol launching on Binance next year, there may be speculation potential. Additionally, there are 6 tokens in DeFi and 3 in Dex. What surprised me is that 3 tokens related to DAO themes, which are generally considered to have become shells, are also listed. All of them are on the BNB chain, namely CKP, KOGE, and COOKIE.
40% of the tokens on Binance Alpha are built on BNB.
As for the rumor that Binance Alpha is just BNB enjoying itself while other chains are merely accompanying, is it true? According to statistics, among the 32 tokens, there are 9 from Solana, 4 on the Base chain, 6 on the Ethereum mainnet, and 13 on the BNB chain. The percentages are 28%, 12.50%, 18.75%, and 40.60%, indeed suggesting a support for their own BNB chain.
The median market capitalization of tokens listed on Binance Alpha is around 102M.
In terms of market capitalization, the average is about 162 M, and the median is 102.5 M. This aligns with Binance's expectation of not listing tokens with too large market cap; among these 32 tokens, those with higher market cap are mainly concentrated in DeFi protocols.
Looking at the listed tokens separately, there are no shortage of Bitcoin staking protocols like PSTAKE, and decentralized liquidity platforms related to the Woo Network and Kronos Research team, such as Orderly. Additionally, trading bots like CLANKER on Base, ai16z invested by a16z partners, and the controversial LUCE have also been launched. We previously mentioned that Chillguy listing on Binance may have opened a window for LUCE.
(Who is CHILLGUY listed on Binance? The GEN Z viral meme coin seems to have a tumultuous fate, possibly opening doors for LUCE.)
Does Binance Alpha have a wealth creation effect? Community statistics suggest: not necessarily.
As for whether the launch of Binance Alpha is good or bad for token prices, @sankin_eth compiled the price fluctuations of the first 29 tokens and found no so-called universal rise. Small market cap tokens may still have the potential to double, but it’s not like when PNUT and ACT were launched, which saw tenfold increases in a short period.
Comparing the current positions of Binance Alpha and Binance Labs' investments, the overlaps include: PSTAKE, Orderly, and APX Finance. Less than 10%, but with Binance's intention to support BNB, we may see that percentage rise.
This article reviews the first week of Binance Alpha's launch. What types of tokens are preferred? Does listing on Binance Alpha have a wealth creation effect? Originally appeared on Chain News ABMedia.
