DxCrypto

#CryptoTrends2024 #DxCrypto #CEXs Sign Up

Summary - The daily purchasing power of Binance Alpha 2.0 is between $1.5 million and $4 million - Binance Wallet is the second largest spot trading volume after Binance's main site, surpassing any other exchange - Gate Alpha's logic is completely consistent with Binance Alpha 2.0, with daily trading volume between $1 million and $2 million, and daily purchasing power between $200,000 and $250,000 - Bitget Onchain's results are similar to Binance Alpha 2.0, but its management model is more complex, with daily trading volume between $3 million and $4 million - In OKX DEX, Solana remains the main network for user participation - Gate Innovation Zone is closing and fully embracing the Alpha model, but MEXC Meme+ still uses an alternative trading section for on-chain trading in a retro manner. Why do exchanges want to develop on-chain? There are two practical factors: firstly, the valuation of the launched VCcoin is too high, lacking wealth effects; secondly, the issuance speed of Memes is too fast, explosive but with a short cycle, resulting in a fleeting and rapid wealth effect. These two outcomes lead users to withdraw their funds from exchanges to engage in on-chain activities, causing capital outflow from exchanges. The essence of exchanges is rooted in traditional brokerage, and this model cannot penetrate on-chain, and due to the contradictions of VCcoins, they are forced to go on-chain. Therefore, from another perspective, this undoubtedly gives rise to an unprecedented trading model. The great integration of exchanges and on-chain is not just about how exchanges layout on-chain, but the emergence of a brand-new trading model, evolving from a “centralized matching platform” inherited from traditional brokerages to a “full-stack on-chain and off-chain combined trading network.” The prototype of this great integration may have started with OKX integrating wallets into the