When discussing the current situation of the currency circle, the free market and diversion views mentioned by Yijie are indeed thought-provoking. Taking barbecue restaurants as an example, barbecue restaurants were scarce in the county in the early days, forming a local monopoly and high prices. However, with the opening of the market, the number of roadside stalls increased, and competition intensified. Barbecue restaurants had to adjust their strategies to maintain profits.

Similarly, in the currency circle, although Binance is not an absolute monopoly, it has obvious head advantages. However, with the emergence of participants such as exchanges, project parties, and VCs, the market cake has not expanded, leading to intensified competition. In order to adapt to market changes, Binance began to adjust its strategy, such as launching BNB Holder and Megadrop, trying to attract users by providing low-valuation, high-liquidity tokens.

However, in the face of many competitors, whether Binance's service quality has improved remains to be seen. With the overall market size unchanged, there are more people sharing the cake, and naturally everyone can get less. This is also why the TON project, which has a huge Web2 user base, has attracted much attention. The huge potential user group undoubtedly provides great attraction for the project. In short, the cryptocurrency market is undergoing an evolution from monopoly to competition, and the future pattern remains to be seen.