The recent meme craze is actually a business war, as cex shifts to dex, with ok wallet standing out, hpye eating into contract shares, and Binance's industry leadership at risk. It's not an exaggeration to say it has reached a life-or-death situation. If you don't move forward, you move backward.
Do you remember when the FTX exchange in 2022 outperformed Binance in various investments, only to be sent straight to the grave? At that time, cz was so decisive. His strike was a deadly blow.
The recent BSC is really just the beginning; the opponents in this business war are clear, including exchanges like ok and on-chain players like hype and the sol ecosystem.
Breaking through with memes, currently, the trading volume on the sol and bsc chains hasn't widened. The target of this market trend is not those random analyses of what leading players or chips are, nor is it about sentiment; it's a brutal business war. We players act as enforcers. If we do our job well, earning some silver is just normal.
The premise for targeting the bsc chain is to draw away sol liquidity. To cz, a business leader worth hundreds of billions, leading the industry, it doesn't matter who the top player is; it's about absorbing sol liquidity and how to kill sol.
When sol dropped to 8u, cz took action by bringing down the FTX exchange. If he can kill you once, he can’t do it a second time.
Then aster came to take down hpye and some smaller exchanges.
Since the battle has already begun, this card must be played until the opponent collapses; otherwise, all efforts will be in vain.
Everyone just needs to do their job as enforcers.
Including He Yi and customer service, when they see people using ok wallet, they will tweet to say to use Binance wallet. This move is a comprehensive war against potential competitors in the industry to establish an absolute leading position.
Currently, it is still too early to be completely ahead, so the market remains active.