According to ChainCatcher, according to Cointelegraph, Binance Alpha has significantly improved the on-chain activity of BNB Chain. Data shows that BNB Chain's weekly transaction volume has increased by 114.6%, and the number of new addresses per day has exceeded 1 million.
Among the first batch of Alpha tokens launched, 71% chose to be deployed on BNB Chain, 60% were released through the initial DEX issuance (IDO) module of Binance Wallet, and the rest were launched through Launchpad and Launchpool. Among the top 20 Alpha tokens in terms of current trading volume, 9 are native to BNB Chain, including BSquared Network (B2), OKZOO (AIOT), Polyhedra Network (ZKJ), etc.
In addition, the liquidity of some projects such as Haedal Protocol and Polyhedra Network has exceeded 50% deployed on BNB Chain, driving the growth of the total locked volume (TVL) of the chain. Binance also further incentivized users to participate in Alpha token trading through the Binance Alpha Points event and trading competitions, which strengthened the demand for BNB.