⚡️According to tracking data from @pandajackson42, Binance Alpha's daily trading volume on June 17 was $732 million——

Compared to the peak of over $2 billion at the end of May, it has declined for 9 consecutive days, and Alpha has entered a significant cooling period.

From the platform's perspective, Binance's Alpha is undoubtedly a genius design, truly achieving many things that other platforms want to do but cannot:

Without a clear expectation of returns, it mobilized a large amount of users' time, attention, liquidity, and even emotions.

More importantly, Alpha brought Binance unprecedented first-level pricing influence——

Through the mechanism of 'user behavior × platform guidance', the early popularity, attention, and liquidity of projects are directly linked to Binance users, completing the pricing rehearsal directly at the CEX level.

This is essentially a new pricing order driven by user behavior, partially converting the first-level valuation rights held by VCs into the results of internal liquidity games on the platform.

Therefore, the product manager who proposed this system truly deserves a 50-month year-end bonus!

Tomorrow, the new Alpha regulations are about to be launched; I haven't resigned yet and am monitoring the baseline observation; if the second distribution performs well, it feels like there will be a second wave of a small peak~

Data Dashboard: