Binance Alpha users must read. Recently, the number of people farming on-chain has noticeably decreased, and the previously bustling on-chain farming enthusiasm feels like it suddenly lost power.
Upon closer inspection of the reasons, it seems that all attention has been diverted by Binance's recent limit order promotion.
I pondered why Binance encourages everyone to place limit orders?
The most direct benefit: Limit orders are essentially centralized order books, where everyone is a market maker, but they are not easily manipulated.
Unlike the on-chain pool mechanism, where once liquidity is low, even a few hundred USDT can send the price soaring or crashing, leading to random "spikes" that make it hard to tell if it's just volume farming or manipulation.
On the limit order side, depth is laid out; if you want to manipulate, you actually need to spend real money to stack orders, which not everyone can do.
For the platform, this is very stable: it not only increases user engagement but also reduces abnormal fluctuations.
I previously thought it was the project parties competing with each other in activities and points; I didn't expect that now Binance itself has joined the fray, directly competing with project parties for "on-chain activity."
Want to remain competitive in on-chain volume farming? Then project parties need to show more sincerity, such as offering rebates or creating trading mining models, otherwise, traffic will really be completely absorbed by CEX.
On-chain is about community, exchanges are about efficiency. Looking at it now, on-chain projects may need to rethink "how to retain users."
Additionally, congratulations to $BNB for reaching a new high, today’s TGE. Launching at 4 PM, friends with enough points can take part.
@币安Binance华语 @cz_binance @heyibinance @sisibinance
