Change in trading fee policy:
According to the announcement from Binance on 19/05/2025, the platform has reduced the limit order trading fee to 0.01% for certain tokens. Although the goal is to stimulate activity, the fee adjustment may create a wait-and-see mentality in the short term, causing some investors to pause trading to reassess their strategy.
👍Shift to risk-free point earning activities:
Many articles like "How to farm Binance Alpha, zero risk to earn" (19/05/2025) show that users are focusing on accumulating Alpha points through staking or airdrop activities rather than direct trading. This reduces the natural liquidity of the market.
👍Competitive pressure from hybrid platforms (Hybrid CEX-DEX):
An analysis from Altcoin Buzz (19/03/2025) indicates that exchanges like MEXC have integrated a strong DEX+ feature, attracting capital flow from Binance Alpha 2.0 – especially when the market lacks prominent investment themes ("In a market without mainline narratives..." – 12/05/2025).
👍Market trust issues:
Some sources like BlockBeats (16/05/2025) reflect the phenomenon of increasing "rug pulls" (liquidity withdrawal scams) on Binance Alpha, making investors more cautious in participating in risky trades.
👍Evaluation
The decline may be the result of market rebalancing after a hot growth period ("artificially piled up volume" – AiCoin). However, Binance's continuous improvements in UX and expansion of the token portfolio (such as PRAI, AIOT) show the potential for volume recovery in the medium term.$BNB
