Binance Alpha Tokens drive the explosive increase in trading on BNB Chain

BNB Chain has become the top choice for launching new cryptocurrency tokens, with 71% of early-stage "Alpha" projects from Binance choosing it as their main network. These Alpha tokens are early-stage projects that have not yet been listed on major exchanges but can already be traded on-chain. The Alpha program, launching in December 2024, offers early access to popular tokens such as resttaking, AI, DeFi, and meme coins. It serves as a testing ground for new ideas before they become mainstream. About 60% of these projects are launched using Binance Wallet's built-in Initial DEX Offering (IDO) mechanism, while other projects opt for Binance Launchpad or Launchpool. The increase in the launch of Alpha tokens has greatly helped BNB Chain grow. The network is adding over 1 million new wallet addresses each day as many people are interested in these new tokens. Trading activity has also increased, with weekly trading volume doubling. BNB Chain is seeing strong demand from traders, processing around 40% of the total Alpha-token trading volume. Nine of the top 20 Alpha tokens by weekly trading volume are native tokens of BNB Chain. Includes BSquared Network (B2), OKZOO (AIOT), Polyhedra Network (ZKJ), MYX Finance (MYX), Haedal Protocol (HAEDAL), Donkey (DONKEY), Boop (BOOP), Milk (MILK), and SkyAI (SKYAI). Strong Alpha-related activities have driven the network to currently register over 1 million new addresses every day. Seven of the 10 largest Alpha tokens also reported a new user rate of over 20%. The on-chain metrics reflect a boom, with a 60% increase in weekly transactions and a 114.6% increase in trading volume. Infrastructure projects like HAEDAL and ZKJ are driving the total value locked (TVL) of the BNB Chain by attracting cross-chain liquidity and encouraging more developers to deploy on the network.