Since the launch of Binance Alpha by Binance's Web 3 wallet on December 27, there have been continuous controversies, but 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 conditions for the selected tokens?
(Binance Alpha debuts: early potential projects exposed, Binance strengthens transparency before listing)
The editor marked the wrong link, causing confusion at the beginning of the launch.
Binance Alpha primarily provides exposure for early projects, announcing selected tokens every evening at six o'clock Taiwan time in the Binance Web 3 wallet. Binance launched this initiative mainly to enhance transparency before listing, 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 also offers users fast trading options.
However, at the time of its launch, the official account mistakenly pinned the wrong community link, and false Binance Alpha announcements appeared in the fake community, causing considerable confusion among users. Subsequently, the product manager also personally addressed community concerns during an AMA.
Binance Alpha is still dominated by Meme coins.
Below are the 32 tokens selected by Chain News since the launch (as of December 24):
Previously, CZ stated that he thinks meme coins are becoming strange and believes that people should pay attention to the parts of blockchain that are genuinely doing work. 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 coins, accounting for 28%, making it the largest project on the platform.
(Is BNB Chain AI the next trend? CZ promotes the integration of AI and blockchain, researchers point out a protocol hitting the hot spots)
So how about the AI part? There are 8 tokens related to AI (including AI meme), of which 4 are AI agents. This includes 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, both URO and RIF introduced in previous articles made the list, and with the news of BIO Protocol launching on Binance next year, there may be speculation space. Additionally, there are 6 DeFi tokens and 3 Dex tokens. The author was somewhat surprised that 3 tokens related to the DAO theme, which is generally considered to have become a shell, have also been launched. All are on the BNB Chain, specifically CKP, KOGE, and COOKIE.
40% of the tokens in Binance Alpha are established on BNB.
As for the widespread rumor that Binance Alpha is just BNB indulging itself while other chains are merely accompanying, is this 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. In terms of percentage, they account for 28%, 12.50%, 18.75%, and 40.60%, showing a significant inclination towards supporting its own BNB Chain.
The median market capitalization of tokens listed on Binance Alpha is 102M.
In terms of market capitalization, the average is about 162M, and the median is 102.5M. This aligns with Binance's expectation of not listing tokens with too large market capitalizations; among these 32 tokens, those with relatively high market caps are mainly concentrated in DeFi protocols.
Looking at the listed tokens separately, there are also Bitcoin staking protocols PSTAKE, and decentralized liquidity platforms related to Woo Network and Kronos Research team Orderly. In addition, trading bots on Base like CLANKER, AI investment by a16z's partners, and the controversial LUCE have also gone live. We previously mentioned that Chillguy's listing on Binance might have opened a window for LUCE.
(Who is CHILLGUY listed on Binance? The GEN Z viral meme coin faces multiple fates, one characteristic may open the door 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 and found no so-called general rise phenomenon. Small-cap tokens may still have the potential to double, but it’s not like the tenfold increase seen shortly after the launch of PNUT and ACT.
Comparing the current investments 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, this percentage may rise.
This article reviews the first week of Binance Alpha's launch, what types of coins are preferred? Does listing on Binance Alpha have wealth creation effects? First appeared in Chain News ABMedia.
