Let's take a look at the analysis data from Binance Alpha 🔥

Today we will look at two interesting pieces of data,

one is the number of people and scores,

and the other is what cryptocurrencies everyone is trading?

On the 8th of April, the number of people trading on-chain has sharply declined in the past two days.

It seems that the newly released limit orders from Binance are very attractive,

attracting everyone to the exchange to trade.

I thought about why everyone is encouraged to trade limit orders at the exchange.

One possible benefit is that

limit orders are the model for centralized exchange quotes.

Everyone acts as a market maker,

it's not like on decentralized exchanges

where removing liquidity

can manipulate on-chain cryptocurrency prices

with just a small amount of tokens,

causing large fluctuations.

As long as the order book depth is sufficient,

large players will also have to spend some cost to manipulate prices.

I initially thought the projects were going to compete among themselves,

but unexpectedly, it is now Binance and the projects that are competing.

If we want everyone to trade on-chain,

shouldn't the projects offer more incentives?

After all, there is still a lot of room to increase the rebate on transaction fees.

In real-time trading volume for limit orders,

the cryptocurrencies being bought daily are basically those from trading competitions,

and are completely different from the top trading volume cryptocurrencies on-chain.

#Binance Alpha New Release $BNB