Binance's HAEDAL airdrop has caused a 60% increase in the token's value since its launch, attracting high engagement. The HAEDAL token, first launched in April, is now listed on Binance, becoming the first centralized exchange to do so. Binance is also organizing TGEs for ALLO and TGT, expanding its influence in the crypto market with airdrops and asset listings.
Binance is conducting airdrops for three different tokens: HAEDAL, ALLO, and TGT. Since the announcement, Haedal's price has risen by more than 60%. Haedal was minted for the first time in April, but the other two assets are launching today with a TGE. The token has previously been exclusive to the DeFi ecosystem, making Binance the first centralized exchange to list and airdrop it.
Binance, the largest cryptocurrency exchange in the world, currently dominates the airdrop sector. The search for airdrops recently boosted Binance Alpha's trading volume to $2.8 billion, and the company shows no signs of slowing down. Today, Binance is hosting an airdrop for Haedal, generating a high level of participation.
HAEDAL has previously been available on DEXs and other DeFi institutions, but Binance is the first major exchange to list the token. As a result, its value has increased by more than 60%. Although the value of Haedal has grown significantly, there have been some complaints about Binance's airdrop tokenomics.
In addition to the Haedal airdrop, Binance is also participating in two TGE events. The first, ALLO, refers to a financial asset tokenization company. Recently, Binance has shown increasing interest in the RWA sector, so this effort makes sense.
The event will take place tomorrow, and eligible users will need to spend Binance Alpha points to participate. Binance's other TGE is for Tokyo Games Token, which is launching the TGT asset. This airdrop will take place today, following similar rules to the ALLO event.
Several exchanges are now listing TGT, but Binance Alpha is the first platform to present it. TGT aims to combine AAA games with the growing Web3 ecosystem. Regardless of how these two assets perform, HAEDAL has benefited greatly from Binance's airdrop.
The exchange's ability to boost young token projects with its platform and user base remains evidently strong.