Source: Binance
Since the launch of Binance Alpha on December 27 through the Binance Web 3 wallet, despite ongoing controversies, 32 tokens have been announced. This article will analyze the data from the launch to date. Is launching on Binance Alpha good or bad? What are the conditions for the selected tokens?
The editor mistakenly marked the wrong link, causing a blunder at the launch.
Binance Alpha is mainly designed to provide exposure for early projects, announcing selected coins every evening at six o'clock Taiwan time in the Binance Web 3 wallet. The main purpose of Binance launching this initiative is to enhance transparency before listing, and users can also see token information on the page, including token type, underlying blockchain, market capitalization, trading volume, etc. At the same time, Binance also offers users options for quick trading.
However, at the time of launch, the official account mistakenly pinned the wrong community link, leading to fake Binance Alpha announcements in a fake community, causing significant confusion among users. Subsequently, the product manager personally addressed community concerns in an AMA.
Binance Alpha is still dominated by meme coins.
Below is the list of 32 tokens selected by Binance Alpha since its launch (December 24):
Source: Chain News
Source: Chain News
Source: Chain News
Previously, CZ stated that he believes meme coins are becoming strange and that people should focus on the parts of blockchain that are genuinely productive. Subsequently, Binance also listed decentralized exchanges on the BNB chain. So what are the standards for listing on Binance Alpha? According to statistics, currently, among the 32 tokens, 9 are meme coins, accounting for 28%, making it the largest project on the platform.
So what about the AI aspect? There are 8 tokens related to AI (including AI memes), 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 themes.
In terms of DeSci, the previously introduced $URO and $RIF both made the list, and with the news of the BIO Protocol launching on Binance next year, there may be room for speculation. Additionally, there are 6 DeFi tokens and 3 Dex tokens. What surprised me is that the generally considered defunct DAO theme also listed 3 tokens, all on the BNB chain: $CKP, $KOGE, and $COOKIE.
40% of the tokens on Binance Alpha are built on BNB.
As for the widespread rumor that Binance Alpha is just BNB indulging itself, with other chains as mere companions, is that really the case? 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%, which indeed suggests a tendency to support their own BNB chain.
Source: Chain News
The median market capitalization of tokens launched on Binance Alpha is 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 caps, as the higher market caps among these 32 tokens are still concentrated in DeFi protocols.
Looking separately at the listed tokens, there are also notable ones like the Bitcoin staking protocol PSTAKE, and the decentralized liquidity platform Orderly related to Woo Network and Kronos Research team. Additionally, the trading bot CLANKER on Base, ai16z backed by a16z partners, and the controversial LUCE have also launched. Previously, we mentioned that Chillguy listing on Binance might have opened a window for LUCE.
Does Binance Alpha have wealth creation effects? Community statistical data: not necessarily.
As for whether the launch of Binance Alpha is good or bad for coin prices, @sankin_eth has compiled the price fluctuations of the first 29 tokens, finding no significant upward trend. Small-cap tokens may still have doubling potential, but it’s not like the tenfold increase seen shortly after the launch of $PNUT and $ACT.
Comparing the current investment positions of Binance Alpha and Binance Labs, the overlapping ones are: PSTAKE, Orderly, APX Finance. Less than 10%, but with Binance's intention to support BNB, we might see that percentage increase.
[Disclaimer] The market has risks, and investment should be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views, or conclusions in this article align with their specific circumstances. Investing based on this is at your own risk.
This article is reproduced with permission from: (Chain News)
'It's been a week since Binance Alpha launched! Analyzing 32 listed tokens, does it really have wealth creation effects?' This article was first published in 'Crypto City'.
