It was far from a quiet day on Binance Alpha. With nearly a million transactions passing through the network and hundreds of millions of capital flowing across the chains, May 10 set the tone for what could be the beginning of a more aggressive phase in this trading ecosystem.
In 24 hours, more than 991 thousand transactions were made - a sharp jump in user activity. The day's total trade value rose to nearly $428 million, signaling increased interest, likely due to emerging tokens and sudden liquidity shifts.
But it wasn't just about the numbers - it was about where and how those numbers fell.
Tokens Taking the Lead
The standout? ZKJ, without a doubt.
Its presence was felt on every chart and drove the day's highest trading volume and user engagement. Over $160 million flowed and more than 316k trades - it was not only the most active, but also the most watched.
B2 and SKYAI immediately followed with strong momentum.
Together they generated more than $140 million in volume. The interest shown by SKYAI in particular demonstrated the market's growing appetite for AI-driven narratives.
Further down, but not out, AIOT, MYX and the always curious POPcat each gained traction. These tokens may not have broken volume records, but they revealed one thing: engaged communities ready to push.
Beyond Tokens - Where was the Movement?
Most of the capital moved on one main highway: The BNB Chain.
In fact, the overwhelming majority of trades were routed through BNB-based protocols, with the chain responsible for the lion's share of both high-value and high-frequency transactions.
Solana, meanwhile, ranked second in terms of pure activity, if not volume. A significant portion of daily trades - especially smaller retail-scale positions - took place there, indicating a growing grassroots presence.
The others - Sonic, Base and Ethereum - served more as niche channels. Each has had its share of success, but none have been able to compete with the velocity seen on BNB or Solana. Sonic, however, stood out by hosting several mid-sized acquisitions, suggesting it could be a sleeper for the days ahead.
Who is Trading What Size?
Examining trade sizes shows a sharp contrast in trader behavior across chains:
The BNB Chain attracts larger, more capital-intensive transactions averaging over $400 per trade. These are no ordinary wallets; they smell like strategy or whales or both.
In contrast, Solana transactions have averaged closer to the $130 range. More frequent, lower value - classic indicators of retail trading on the move.
Other chains such as Ethereum, Base and Sonic similarly averaged modestly between $60 and $130, reinforcing the view that their current Alpha roles remain peripheral for now.
📌 TL;DR - What It All Means
ZKJ not only led, but also crushed.
But the real story is the changing shape of the Alpha ecosystem:
BNB is no longer one of many - center of gravity
Solana is not dead weight - the engine of grassroots trade
What about mid-tier tokens? They are no longer “maybe later” bets - they are positioned now.
We don't just see volume anymore. We see intent.
The alpha arena is no longer a sandbox. It's a battleground where liquidity, narrative and precision determine who will succeed.
