Binance truly deserves to be the industry benchmark. Other exchanges are starting to learn from Alpha, but they don't have as many resources as Binance. The biggest losses for Alpha on Binance actually come from other exchanges that frequently list low-quality tokens, which is equivalent to taking a share of their market. It really feels like Binance is dominating the market alone. It's a positive feedback loop: high liquidity attracts more projects, more shares lead to more users, and high liquidity continues to increase. It's a dilemma, and the industry is absolutely monopolized. Whatever they do, they excel!