Ace

1. Project Overview
Spark is an on-chain capital allocator designed to solve DeFi’s core inefficiencies: fragmented liquidity, unstable yields, and idle stablecoin capital. By leveraging the Spark Liquidity Layer (SLL), it consolidates liquidity across DeFi, CeFi, and RWAs (Real World Assets), and allocates capital dynamically with a conservative risk profile. Spark acts as a yield and liquidity infrastructure layer for the broader on-chain finance ecosystem.
2. Token Information
Token Name: $SPK Token Type: ERC-20Initial Supply: 1,700,000,000 (17% of total supply)Total Supply: 10,000,000,000Binance HODLer Airdrop Allocation: 200,000,000 (2.00% of total supply)
3. Project Highlights
Liquidity Infrastructure
Spark Liquidity Layer (SLL) is a backend engine that reallocates liquidity across major protocols like Aave, Morpho, Curve, and tokenized RWA platforms (e.g., BlackRock BUIDL).Currently allocates over $3.8B, with $174M in projected annual revenue.
SparkLend
Stablecoin lending market with governance-defined interest rates.Maintains $3.2B TVL, becoming a top-3 lending protocol on Ethereum.
Spark Savings
Users deposit stablecoins like USDC or USDS and receive yield-bearing sUSDC/sUSDS.Active across Ethereum, Base, Optimism, Arbitrum, and Gnosis with $3.1B in deposits and 178K+ wallets.
RWA Expansion
Spark allocates over $1B into tokenized real-world assets such as BlackRock’s BUIDL and Superstate, bridging DeFi and TradFi.
No Private Sale
Tokens are distributed via Sky Farms (long-term farming program) and airdrops.
4. Token Utility
Governance: Vote on key protocol decisions.Staking: Stake SPK to earn Spark Points via Symbiotic restaking.Yield Access: Enables participation in yield strategies and access to sUSDC/sUSDS.Liquidity Contribution: Used within the ecosystem to support deep liquidity across chains and protocols.
5. Token Economics
Token Distribution
Retail (71.84%)Airdrop: 6.84%Sky Farms: 65.00%Institutional / Project-Controlled (28.16%)Team: 12.00%Treasury: 16.16%
Circulating Supply (Day 1)
Reported Circulation: 17.00%Tradable Float: 13.00%
6. Strategic Partnerships
Sky: Spark borrows from Sky’s $6.5B reserves to deploy capital.Morpho: Largest LP in Morpho Base vault.Aave: Deep liquidity support via SLL.Ethena: Supports delta-neutral strategies using Spark capital.BlackRock BUIDL: RWA integration with institutional-grade yields.

Disclaimer
This content is for project research purposes only and does not constitute any investment advice.

1. Project Overview
Defi App is a multi-chain decentralized finance aggregator focused on simplifying access to DeFi by offering gasless, custody-preserving, and user-friendly smart accounts. With a mission to make DeFi as simple as smartphone apps, it enables one-click swaps, perpetual trading, and yield aggregation across EVM and Solana chains.
Key Features:
Unified Smart Account System: Based on EIP-4337 & ERC-6900, supporting multi-chain transactions without native gas.Intent-Based Routing Engine: Aggregates liquidity across providers like 1inch, LiFi, Jupiter, and Hyperliquid.Gas Abstraction: Users pay fees in $HOME, not native tokens.Self-Custody: Users retain private key control.All-in-One Interface: Swaps, perpetuals, and yield products unified under one UI.
2. Token Information
Token Name : $HOMEToken Type : LayerZero OFT (EVM) / SPL (Solana)Max Supply : 10,000,000,000Total Token Supply : 10,000,000,000Circulating Supply : 2,720,000,000 (27.2%)Binance HODLer Airdrop Allocation : 200,000,000Initial Listing Circulating Supply : 2.72 Billion (27.2%)
3. Project Highlights
Cross-Chain Smart Accounts: Execute transactions across EVM & Solana via a single smart account, powered by ERC-4337.Gasless Experience: $HOME enables fee payment, removing the need for ETH or SOL.Deep Liquidity for Perpetuals: Integrated with Hyperliquid and upcoming routing for multiple providers.Yield Aggregation: Supports yield on Aave, Ethena, Morpho, and more.High User Activity:400,000 total traders10K–30K daily active users$50M–$90M daily trading volume$10M annualized revenue
4. Token Utility
Staking Rewards: Pro-rata share of platform revenue and bribes from integrated protocols.Fee Discounts: Tiered staking reduces trading and product fees.Gas Abstraction: Acts as a universal gas token in smart accounts.Governance: Staked $HOME provides DAO voting power via Snapshot & Discourse.XP Boosts: Locking $HOME multiplies in-app experience points by up to 3x.Airdrop Bonus: 100% bonus for users locking their airdrop for 12 months, distributed weekly.
5. Token Distribution & Economics
Circulating Breakdown at TGE:
Airdrop : 5%User Rewards : 12.2%Ecosystem : 10%Market Makers / Liquidity : 5%
Day-1 Real Float: 27.2% (publicly tradable and circulating)Staked HOME: 47 million tokens locked for 6–12 months
Financing:
$6M raised across two private token sale roundsFDV at raise: $100MToken sold: 6% of total supply
6. Airdrop Allocation and Cluster Analysis
5% of total supply allocated for airdrops~344M/500M claimed as of writingAirdrop vesting wallet (Base): 0x5CbAf7416a77E673a284861322A7A7C26091c9B3
Disclaimer
This content is for project research purposes only and does not constitute any investment advice.

What is RESOLV?
RESOLV is a DeFi protocol designed to make crypto-native yields accessible to a more conservative user base—think TradFi investors, neobanks, and fintechs. It does this by segregating crypto risk from the yield generation layer, allowing sustainable onchain yields to flow into stablecoin-like products without the usual baggage.
At its core, RESOLV is building the infrastructure to scale the next generation of onchain finance—secure, risk-profiled, and easy to integrate.
Key Products
USR: A USD-pegged stablecoin, backed 100% by ETH and BTC.RLP: A high-yield, risk-bearing token that acts as a buffer to protect USR holders from market and counterparty risks.
This dual-token model separates yield from risk—USR stays stable, while RLP earns more by taking on risk.
Why It Matters
RESOLV is creating something powerful:
Revenue-sharing: RESOLV token holders get a cut of fees from protocol TVL and capital gains from hedging strategies.Governance: Token holders also vote on what assets get added to USR’s backing—meaning aligned ecosystems are incentivized to HODL.Growth of stablecoins: RESOLV positions itself to benefit from the expansion of the stablecoin sector across both DeFi and TradFi.
How Does It Work?
RESOLV’s hybrid CeDeFi architecture enables:
Seamless integrations with CeFi partners and TradFi channelsTransparent, onchain collateral managementRisk profiling for institutions, neobanks, and everyday users
In short, you get real crypto yield, without having to touch volatile tokens yourself.
Token Info
Token Name$RESOLVToken TypeERC-20, NativeMax Supply1,000,000,000 RESOLVInitial Circulating Supply (Binance listing)155,750,000 (15.58%)HODLer Airdrop Allocation20,000,000 (2%)
Private rounds raised $12.32M by selling 20.43% of the total supply at prices ranging from $0.02 to $0.10.
Airdrop Insights
Retail Distribution Breakdown (Day 1):
Binance HODLer Airdrop – 2%Binance Alpha Airdrop – 1%Season 1 Airdrop – 6% (of total 10% unlocked)Total retail exposure – approximately 11.5% real float
Institutional and Project Controlled Buckets:
Ecosystem and Community – 2.5%Liquidity – 1.5%Foundation and Treasury – 1.0%
Roadmap Highlights
Completed Milestones:
$1M to $100M TVL growth (2023 to 2024)Integrated with Morpho, Pendle, HyperLiquid
What’s Next:
Q3 2025: USR integrations with CeFi exchanges and walletsQ1 2026: MiCA-compliant wrapper, legal rollout in Asia and UAEQ3 2026: USR to become a quote asset on major exchanges
Key Partnerships
Morpho: Lending protocols and risk curationPendle: Yield trading and points integrationHyperLiquid: Perpetuals trading and hedging layerEther.fi and p2p.org: Staking incentives and tri-party revenue sharing
Claim Your RESOLV Airdrop
As part of Binance’s HODLer Airdrop program, 20 million $RESOLV are allocated to loyal Binance users. If you’ve been holding eligible assets, check your account to see if you’ve received your share of this risk-buffered, yield-powered token.
RESOLV is changing how we think about stablecoins and yield in DeFi. If you're looking for sustainable returns without diving deep into DeFi complexity, RESOLV might be the gateway.
Disclaimer
This content is for project research purposes only and does not constitute any investment advice.

Project Overview
Haedal Protocol is the ultimate place for users to stake & earn on Sui, building the prime liquid staking protocol powered by Hae3 products that generate revenue via Sui's trading flow to fuel the entire LST ecosystem. Haedal helps secure the Sui blockchain, contributing to its long-term sustainability, governance, and decentralization.
Token Information
Token Name: $HAEDAL Token Type: Sui Network / BEP-20Initial Supply: 195,000,000Total Supply: 1,000,000,000
Project Highlights
880.1k total accountshaSUI TVL: $208.6m / Liquidity in DeFi: $171.5mhaWAL TVL: 1.3m WAL ($880.8k) / Liquidity in Dexes: $1.3mHMM Cumulative Volume: $978m / Cumulative Fees: $492,146.92haeVault TVL: $7.2mBinance HODLer Airdrop Allocation: 30,000,000 HAEDAL
Haedal’s product suite, including HMM, haeVault, and the upcoming AI Agent Vault Layer, is designed to capture significant value from Sui’s trading flows, optimizing yield performance and liquidity depth.
Token Utility
Governance: Lock HAEDAL into veHAEDAL to participate in governance via haeDAOTreasury Management: Decide asset ratio, liquidity allocation, and rewards distributionBoosted Yields: Boost APR for users in haeVault
Financing
Haedal Protocol has raised 2.5M USD from the seed round, selling 15% of the total token supply.
Roadmap & Updates
✅ 2023: Mainnet & Sui Liquid Staking Hackathon winner✅ Q1 2025: Seed round, HMM & haeVault launch✅ Q2 2025: Haedal TGE, HMM v2, Simple Yield Vault🔜 Q3 2025: StakeNet, haeVault v2🔜 Q4 2025: AI Agent Vault Layer
Haedal Protocol empowers users to maximize capital efficiency through innovative liquid staking and DeFi yield solutions, cementing its role as a core pillar of the Sui DeFi ecosystem.
Disclaimer: This content is for project research and does not constitute investment advice.

1. Project Overview
NEXPACE (NXPC) is the native token of MapleStory Universe, a blockchain ecosystem transforming the iconic 20+ year-old game IP MapleStory into a decentralized platform. Rather than a single game, MapleStory Universe is a Layer 1 network (Henesys L1) that supports a modular application ecosystem powered by NFTs, dynamic rewards, and user contribution mechanisms.
The project is fully funded by Nexon Co., Ltd. with $100M in paid-in capital. Notably, Nexon receives no token allocation, and there has been no private sale — emphasizing a community-first distribution model.
2. Token Information
CategoryDetailToken NameNXPCToken TypeERC-20 (AVAX-C), BEP-20, Native (Henesys L1)Initial Circulating Supply169,040,000 NXPC (16.90% of total supply)Total Supply1,000,000,000 NXPCMaximum Supply1,000,000,000 NXPCHODLer Airdrop Allocation30,000,000 NXPC (3.00% of total supply)
3. Project Highlights
Modular Application Ecosystem
MapleStory Universe consists of multiple applications built on a shared Layer 1, allowing NFTs to be used across games, marketplaces, and dashboards.NFT Interchangeability
NXPC supports two-way conversion between tokens and NFTs via:NXPC Fission (NXPC → NFTs)Item Fusion (NFTs → NXPC)Limited-Supply NFT Economy
Game items are issued as NFTs with capped supply. Prices dynamically adjust based on demand, creating a genuine rarity and market-driven valuation.Contributor Incentive Mechanism
80% of total supply is reserved for long-term contributor rewards. Distribution is periodic and based on measurable impact, following a Bitcoin-like halving schedule.No Private Sale / No Team Allocation to Nexon
The token allocation model avoids early investor dominance and ensures fairness. All initial circulating tokens are intended for community engagement and ecosystem usage.
4. Token Utility
Gas Token
Used for transactions on MapleStory Universe Henesys L1.NFT Interchangeability
Enables players to convert between NXPC and NFT assets within the ecosystem.In-Game Conversion
NXPC can be converted into NESO (in-game utility token) at a fixed rate.Ecosystem Rewards
Distributed periodically to contributors based on impact, aligning community incentives.
5. Ecosystem Applications (Launched & Upcoming)
ProductDescriptionMapleStory NPC MMORPG with NFT-based item economy and blockchain rewards.MSU MarketplaceNFT trading platform for characters, gear, and consumables.MSU NavigatorNFT encyclopedia and metadata hub.MSU ExplorerReal-time dashboard showing transactions and wallet metrics.Swap & WarpToken swap and cross-chain bridge (NXPC ⇄ NESO & other L1s).ReactorNXPC Fission & Item Fusion to create or burn NFTs.MSU SDKDev kit for building applications using MapleStory IP and NFTs.
6. Strategic Infrastructure & Partnerships
Built on Avalanche
Henesys L1 utilizes Avalanche infrastructure for consensus, subnet architecture, and validator security.Key PartnersChainlink Labs – Provides VRF & CCIP for fairness and interoperability.Ava Labs – Supports subnet deployment and L1 management.Xangle – Explorer and Proof-of-Reserve tools.Hacken – Security audit partner.Helika – KPI tracking and analytics.Wachsman – Global PR support.Kaito – Community engagement analytics.
Disclaimer:This content is for project research purposes only and does not constitute any investment advice.

I. Executive Summary
The recent surge in the price of BNB has been significantly influenced by the Binance Alpha Points System. This system effectively stimulates on-chain activity on the BSC network, increases both direct and indirect demand for BNB from users and projects, and enhances overall liquidity within the Binance ecosystem. In this report, I will provide an in-depth analysis of the Alpha Points System's operating model, using examples such as the PancakeSwap TGE, REDACTED (RDAC) token, and NEXPACE (NXPC) token to illustrate how these mechanisms work in practice and collectively drive BNB’s price momentum. More than just a reward program, the Alpha Points System is a deliberately designed ecosystem development tool that fosters a self-reinforcing cycle of activity and demand centered around BNB and BSC.
II. Binance Alpha Points: Mechanism and Incentives
The Binance Alpha Points system is a scoring mechanism used to evaluate user activity within the Binance Alpha and Binance Wallet ecosystems. It determines eligibility for participating in specific opportunities such as PancakeSwap TGEs and Alpha token airdrops. At its core, this mechanism is designed to energize the Binance ecosystem—particularly BNB and the BSC chain—by incentivizing targeted user behavior.
Alpha Points Calculation Explained
Alpha Points are calculated daily based on the sum of “Balance Points” and “Volume Points” over the past 15 days. This rolling average model encourages continuous rather than sporadic participation.
Balance Points: Earned daily based on the total assets held by users in Binance accounts (spot, margin, futures, etc.) and Binance Wallets (limited to Alpha tokens and tokens supported in Binance’s spot market). The point tiers are:Asset value between $100 and <$1,000 = 1 point/dayAsset value between $1,000 and <$10,000 = 2 points/dayAsset value between $10,000 and <$100,000 = 3 points/dayAsset value ≥ $100,000 = 4 points/dayVolume Points: Earned based on the total amount of Alpha tokens purchased daily on Binance Exchange and Binance Wallet. Notably, selling Alpha tokens does not affect point accumulation. The point tiers are:Purchase of $2 worth = 1 pointPurchase of $4 worth = 2 pointsPurchase of $8 worth = 3 pointsPurchase of $16 worth = 4 pointsPurchase of $32 worth = 5 points Each doubling of the purchase amount thereafter yields 1 additional point
How Alpha Points Shape User Behavior
Through its calculation rules, the Alpha Points system strategically influences user behavior:
Encourages asset holding (especially BNB): The balance point system directly motivates users to retain and grow their asset holdings on Binance. Given BNB’s central role in the ecosystem and its utility in other Alpha-related Binance programs (like HODLer Airdrops), it has become a preferred asset for maximizing balance points.Incentivizes trading of Alpha tokens: Volume points reward users for actively purchasing newly listed Alpha tokens, providing early-stage projects with initial liquidity and price discovery.Drives strategic point accumulation: In pursuit of meeting TGE or airdrop qualification thresholds, users proactively research and develop optimal accumulation strategies, balancing holdings and trade activity. This deepens user engagement and investment in the ecosystem.
Eligibility for TGEs, Airdrops, and Activities
Alpha Points serve as the "golden key" to exclusive Binance rewards. This exclusivity drives high levels of user engagement. Binance explicitly states that Alpha Points determine eligibility for TGEs and Alpha token airdrops.
The 15-day rolling average point calculation strengthens user "stickiness." To maintain access to future activities, users must continuously participate—translating into sustained demand for BNB and ongoing interaction with Alpha-listed tokens. Unlike one-time promotional campaigns, this model fosters long-term behavioral habits, contributing to more stable and enduring benefits for the ecosystem, including liquidity and BNB demand.
Additionally, the Alpha Points system subtly encourages users to explore and invest in early-stage projects within the Binance ecosystem. By gamifying access to early opportunities, Binance incentivizes users to understand these projects and become familiar with the risks and rewards of early investment. Over time, this cultivates a more mature and active user base, reinforcing Binance’s leadership as a centralized exchange.
III. On-Chain Dynamics: How the Alpha Model Impacts BSC Activity
There is a strong interaction between the Binance Alpha Points System and the BSC blockchain, significantly boosting on-chain activity and user growth within the BSC ecosystem.
Surging BSC Trading Volume and User Acquisition
According to data from Dune and BscScan as of May 9, 2025, BSC tokens dominate Alpha projects: among 121 Alpha projects, over 70% are BSC-based, with 38% being native BSC projects spanning areas such as AI, meme tokens, and DeFi. This focus on BSC naturally channels a large volume of trading activity toward the BSC network.
Supporting data reinforces this trend: BSC tokens account for roughly 40% of the total trading volume within Alpha. Notably, weekly trading volume for BSC-based Alpha projects surged by 122.5%, and total weekly transaction value increased by 78%. These gains directly translate into increased transaction counts on the BSC network.
Correspondingly, on-chain activity metrics for BSC also soared. In the week leading up to May 9, 2025, BSC recorded around 4.3 million new addresses, with over 1 million new addresses registered on two consecutive days and more than 2 million daily active addresses. From late April to early May 2025, daily transaction counts showed an upward trend, peaking at 8.876 million on May 6 and remaining high at 8.55 million on May 12. While not all of this growth can be directly attributed to the Alpha Points system, the timing coincides closely with heightened Alpha project activity.
The “Double Trading Volume” Multiplier Effect
Trading Alpha tokens on the BSC chain earns users double volume points, significantly increasing their points accumulation efficiency. This is a powerful incentive that encourages users to preferentially trade Alpha tokens on BSC, directly boosting both transaction counts on the chain and the consumption of BNB as gas fees.
Why BSC Attracts Alpha Projects
Thanks to its extremely low gas fees and high throughput (TPS), BSC provides an attractive platform for projects that require high-frequency interactions—especially in sectors like AI and DeFi.
The surge in new users and active addresses on BSC linked to Alpha Point activities shows that the Alpha system is an effective user acquisition channel for the chain. This is not just a short-term trading boost—users drawn by Alpha Points to join TGEs or claim airdrops must interact with the BSC chain (e.g., setting up wallets, paying gas in BNB). Some of these users may go on to explore other dApps on BSC, transitioning from short-term participants to long-term ecosystem users and expanding the potential user base for all BSC projects.
Strengthening BSC’s Position Among Layer 1 Chains
By increasing trading activity, user engagement, and project numbers, Alpha Points contribute to BSC becoming a more attractive environment for developers. This positive feedback loop—driven by Alpha—helps reinforce BSC’s competitive standing among Layer 1 blockchains.
IV. Driving Demand for BNB: A Multi-Dimensional Approach
The Alpha Points system significantly boosts demand for BNB through various channels, driven both by projects seeking liquidity and by users actively participating in the ecosystem.
A. Project-Driven Demand (BNB for Liquidity Provision)
Initial Liquidity for Alpha Projects:
New projects—especially those launching via TGE on decentralized exchanges like PancakeSwap—require BNB to pair with their native tokens and create liquidity pools. For example, MYX Finance’s TGE was conducted on PancakeSwap, where BNB was essential for setting up liquidity, thereby generating direct demand from project teams.BSC’s $100M Permanent Liquidity Program:

Launched in March 2025, this initiative provides permanent market-making incentives to support token liquidity, typically using a 50/50 pairing of BNB and project tokens on PancakeSwap. While separate from the Alpha system, this program complements it—especially for Alpha-highlighted or promoted projects—by further anchoring BNB demand.Alpha as a Pre-Listing Liquidity Stage:
It has been suggested that Alpha-listed projects often face liquidity limitations and must work toward meeting criteria for official contract or spot listings. This dynamic drives them to accumulate BNB and build stronger liquidity pools in preparation for “graduating” to larger trading venues.
B. User-Driven Demand (BNB for Participation and Point Accumulation)
BNB to Earn Balance Points:
As described earlier, holding assets on Binance—including BNB—grants users daily balance points. Due to BNB’s central role in the ecosystem, users aiming for Alpha rewards are strongly incentivized to hold and even increase their BNB balances.BNB for BSC Gas Fees:
Increased Alpha token trading activity on BSC naturally raises the demand for BNB as gas fees, since BNB powers transactions on the chain.BNB for Accessing Other Binance Activities:
Alpha Points are often only the first step. Other major incentive programs on Binance—such as HODLer Airdrops (e.g., SIGN token airdropped to BNB holders on Simple Earn), Launchpool (staking BNB to farm tokens like SXT), and Megadrop—also require users to hold or stake BNB. Users initially accumulate BNB to participate in Alpha, then become eligible for a broader array of BNB-centered activities.BNB for TGE Purchases:
For TGEs conducted on PancakeSwap (e.g., MYX Finance), users need BNB to purchase new tokens, directly linking Alpha participation to BNB demand.
Alpha Points create strong and direct demand for BNB—particularly in projects launched via PancakeSwap TGEs that require BNB for liquidity. On a deeper level, the system encourages broader BNB accumulation and usage by requiring users to hold assets (for balance points) and participate in trades (for volume points). BNB becomes more than a gas token—it transforms into a passport to new opportunities.
To accumulate points, users may buy more BNB or transfer existing BNB to Binance spot or wallet balances. Trading Alpha tokens on BSC further increases demand for BNB to cover gas fees. This expands BNB’s role across users’ broader investment strategies on Binance.
V. Enhancing Exchange Liquidity: The Impact on Binance
The Binance Alpha Points System not only drives demand for BNB and fuels activity on the BSC chain—it also significantly enhances overall liquidity on the Binance exchange, particularly for BNB and newly listed Alpha tokens.
Increased Trading Volume for BNB and Featured Alpha Tokens
The Alpha Points system directly stimulates trading activity in newly listed tokens. A notable example is the Binance Alpha 2.0 platform, which on May 10, 2025, recorded a daily trading volume of $428.3 million. Such high-volume activity contributes substantially to the exchange’s overall liquidity.
When users trade Alpha tokens—typically paired with USDT or BNB—this increases the liquidity and depth of these trading pairs. Additionally, user preparation and participation in TGEs and airdrops to earn Alpha Points drives further trading in BNB itself.
Alpha 2.0 Integration Effect
Since March 2025, Binance integrated the Alpha platform directly into its main exchange, allowing users to buy on-chain tokens using spot or funding accounts without relying on the Binance Wallet. This integration significantly lowers the barrier to entry and improves user experience, enabling idle capital on Binance to flow more easily into Alpha projects—thereby boosting liquidity.
The Value of the “On-Chain Incubation → Internal Circulation” Path
BSC-native projects incubate on-chain, gain exposure and initial circulation through the Alpha platform, and potentially graduate to Binance’s main spot market. This “value loop” keeps both capital and activity within the Binance/BSC ecosystem, strengthening internal liquidity.
As of May 9, 2025, twelve BSC-native projects had successfully made it from Alpha to Binance spot listings. These projects typically build liquidity within Binance-affiliated platforms (e.g., PancakeSwap → Alpha platform → Binance Spot), concentrating early-stage trading within the ecosystem rather than spreading it across external venues.
The Alpha system acts as a magnet for speculative and strategic trading activity around emerging, often lower-cap tokens. Especially since the Alpha 2.0 integration, this activity directly contributes to Binance’s exchange volume.
Users who are bullish on new tokens—whether for speculative gain, airdrop qualification, or early access—trade through the Alpha interface on Binance, increasing platform volume.
By serving as a pre-listing price discovery and liquidity-building layer, the Alpha system paves the way for deeper market presence for new tokens on Binance’s spot exchange. Projects gain exposure and early trading history during the Alpha phase, providing useful data for Binance to assess full listings.
Once officially listed, these tokens already have a user base and demonstrated trading activity, allowing them to establish deeper liquidity on the exchange more rapidly.
The liquidity boost and steady stream of new projects enabled by Alpha further consolidate Binance’s dominance as the go-to venue for discovering and trading emerging tokens. This creates a network effect—more projects want to launch on Alpha or Binance for access to deep liquidity and a large user base, and more users flock to Binance to capture early opportunities. This positive cycle gives Binance a significant edge over competitors lacking such a tightly integrated early-stage pipeline.
VI. Case Studies: Real-World Applications of Alpha Points
The following examples illustrate how the Alpha Points system operates in practice, incentivizes user participation, and positively impacts both BNB and the broader BSC ecosystem.
A. PancakeSwap TGEs (e.g., MYX Finance, MilkyWay)
Mechanism:
Binance Wallet hosted exclusive Token Generation Events (TGEs) for projects like MYX Finance and MilkyWay (MILK) via PancakeSwap. Eligibility to participate was clearly based on users’ Alpha Points, with the minimum point threshold announced shortly before the subscription period.BNB Utility:
Users needed to hold sufficient BNB in their Binance Wallet to pay for PancakeSwap trading fees and token purchases. This directly connected Alpha-based TGE qualification to real BNB demand.Impact:
These events gave qualified Alpha Points holders early access to promising tokens, increasing engagement with both the Alpha Points system and PancakeSwap. They showcased the “on-chain incubation” model where new BSC projects gain initial traction through Alpha before wider market exposure.

B. REDACTED (RDAC)
Mechanism:
Binance Alpha was the first platform to list the REDACTED (RDAC) token, with trading starting on May 13, 2025. Users who met a specific Alpha Points threshold received an airdrop, distributed within 10 minutes of trading going live.Impact:
The airdrop—tied to Alpha Points—triggered noticeable activity as users scrambled to qualify. New listings on Binance accompanied by Alpha-based airdrops often result in high volatility and volume due to increased accessibility. This case highlights Alpha Points as a tool to drive early-stage user engagement and trading behavior on the Binance exchange.Alpha Points Burn Mechanism:
Binance plans to introduce a “burn mechanism,” where a portion of Alpha Points is consumed after successful participation in TGEs or airdrops. Though not implemented for RDAC, this upcoming feature may increase the value and scarcity of Alpha Points.
C. NEXPACE (NXPC)
Mechanism:
NEXPACE (NXPC), the ecosystem token for MapleStory Universe, launched via Binance Alpha with trading starting on May 15, 2025. Eligible users could claim their NXPC airdrop starting May 13 via the Alpha activity page.Ecosystem Impact:
NXPC’s launch was significant because it came from Nexon, a major game developer. As a Web3 gaming token, NXPC enables users to create in-game items within the MapleStory Universe—demonstrating Alpha’s expansion into GameFi and diversified ecosystems.BNB Utility (Indirect):
Although NXPC is based on the Avalanche L1 network and doesn’t explicitly require BNB for liquidity, the airdrop via Alpha Points still connects the project to the Binance ecosystem. Should NXPC eventually build liquidity on PancakeSwap, this would further create BNB demand.
These cases demonstrate a common pattern:

Alpha Points are a gatekeeper to high-value opportunities like TGEs and airdrops. This, in turn, motivates behaviors that drive demand for BNB and boost on-chain activity on BSC—such as holding BNB for balance points, trading Alpha tokens (especially on BSC for bonus volume points), and interacting with Binance platforms.
The choice of launch venue (e.g., PancakeSwap for TGEs, Binance Alpha for listings) plays a major role in concentrating initial liquidity and trading activity, directly benefiting the BNB/BSC ecosystem.
To gain early access to sought-after tokens like MYX, RDAC, or NXPC, users must accumulate Alpha Points. That process often involves multiple forms of BNB usage: holding for balance points, using it for gas on BSC, or spending it directly in TGEs—clearly establishing a pathway from user intent ("get the token") → BNB-centric action.
VII. Comprehensive Analysis: Alpha-Driven Price Momentum of BNB
By connecting the insights from previous sections, it becomes clear how the Alpha Points system systematically fuels upward price momentum for BNB.
A Multi-Layered Flywheel of Incentives
The Alpha Points system is intentionally structured to incentivize specific user behaviors. These behaviors directly lead to increased BSC activity and user base expansion. In turn, the resulting on-chain boom drives real demand for BNB from both project developers (who need liquidity) and users (who participate in activities, earn points, and pay gas fees).
At the same time, the Alpha system contributes to significantly higher trading volume and liquidity for both BNB and related Alpha tokens on Binance. The case studies presented earlier provide concrete evidence of how these mechanisms operate in the real world.
This intricate interaction of factors forms a “flywheel effect”:
Increased BSC activity makes the chain more attractive to new users and projects.Stronger BNB demand—both for liquidity and point accumulation—supports price appreciation.Enhanced exchange liquidity improves trading efficiency for BNB and Alpha tokens.All of this is continuously driven by the Alpha Points system, creating a self-reinforcing cycle that pushes BNB’s price higher.
Amplifying Factors Behind the Momentum
In addition to the direct effects of the Alpha system, several external and ecosystem-wide factors magnify its impact on BNB’s price:
BNB Burn Mechanism:

BNB undergoes quarterly token burns. For example, on April 16, 2025, Binance completed its 31st burn, removing approximately 1.58 million BNB from circulation. While not directly related to Alpha, this deflationary pressure complements Alpha-driven demand, creating a classic bullish supply-demand combination.Macro Market Sentiment and BNB Ecosystem Developments:

Positive developments within the BSC ecosystem—such as AI integrations, gas fee optimizations, new partnerships, and a generally bullish crypto market—provide a favorable backdrop for Alpha to exert its influence. During May 11–12, 2025, BNB’s price remained strong in the $650–$670 range, reflecting this positive environment.
A Strategic Ecosystem Play
Alpha Points are more than just a feature for listing new tokens—they represent a strategic move by Binance to deepen its ecosystem moat. By aligning user incentives with actions that directly strengthen BNB and BSC, Binance creates a tightly integrated ecosystem that reinforces its dominance.
Placing Alpha Points at the center of new opportunity access ensures that users must engage with the Binance ecosystem—hold BNB, use BSC, and trade on Binance—to unlock these rewards. This raises the opportunity cost of leaving the ecosystem, especially for users who have already invested time and capital in accumulating Alpha Points.
A Blueprint for the Industry
The success of Alpha in boosting BNB’s value and ecosystem activity may serve as a blueprint for other Layer 1/Layer 2 blockchains and exchanges. More platforms could design token-centric incentive systems focused on user engagement and retention.
If the Alpha model continues to prove effective in driving price and participation, it may spark an industry-wide trend of “points-driven ecosystem growth,” pushing incentive systems toward greater precision, modularity, and long-term user commitment.
VIII. Conclusion and Market Implications
A comprehensive analysis shows that the Binance Alpha Points System is a powerful and multi-dimensional driver of BNB’s value.
It has successfully stimulated on-chain activity across BSC and generated real demand for BNB from multiple sources—project teams seeking liquidity and users aiming to earn points or gain early access. Simultaneously, it has enhanced liquidity on the Binance exchange.
A Strategic Engine for Binance’s Ecosystem
For Binance, the Alpha system plays a central role in nurturing its ecosystem, incubating new projects, retaining users, and reinforcing BNB’s utility and value. The “on-chain incubation → internal circulation” pathway is a concrete example of this ecosystem-centric strategy.
Potential Future Impacts
Increased Competition for Alpha Points:
As more users understand the system, the cost or difficulty of obtaining enough points to earn top-tier rewards is likely to rise. Some analyses suggest that users holding under $10,000 may increasingly try to “game” the system by boosting trade volume—making it harder for passive holders earning just 3 points/day to qualify.Evolution of the Alpha Model:
Binance is expected to continue refining the Alpha Points system—such as implementing the upcoming point burn mechanism—to maintain its effectiveness and adapt to shifting market conditions.Impact on Project Listings:
For projects seeking visibility and user acquisition within the world’s largest crypto ecosystem, Alpha could become a more vital listing path than ever.Long-Term Value Accumulation for BNB:
If Alpha Points continue to drive foundational user behaviors and demand patterns, they may serve as a sustainable long-term driver of BNB value—working synergistically with mechanisms like token burns.
Final Thoughts
The Alpha Points System is not simply a product or a promotional feature—it’s a strategic flywheel designed to integrate liquidity, discovery, and user behavior within Binance’s ecosystem.
By putting Alpha Points at the heart of new opportunity access, Binance ensures that users eager for the next big thing must participate in BNB- and BSC-centered activities. This reduces churn, increases platform loyalty, and strengthens Binance’s position as the go-to hub for early-stage tokens.
As Alpha continues to prove effective, other platforms may take notice—ushering in a new era of points-driven, ecosystem-centric token economies.

1. Project Overview
Initia is a Layer-1 blockchain network designed to realize the vision of application-specific chains by providing a native interconnected rollup system, a unified multi-chain product suite, and an economic framework to align and interconnect these chains.
Initia enables teams to build customizable application-specific blockchains while establishing shared standards across the system, creating a seamless and unified multi-chain world.
2. Token Information
Token Name: $INITToken Type: NativeInitial Circulating Supply: 148,750,000 (14.88% of total supply)Total Supply: 1,000,000,000Maximum Supply: 1,000,000,000Binance Launchpool Allocation: 30,000,000 (3.00% of total supply)Binance Launchpool Start Date: 04/18/2025
3. Project Highlights
Interwoven Stack: Rollups can run on EVM, MoveVM, or WasmVM, with up to 10,000 TPS and 500ms block times. Built on Cosmos SDK, offering full-stack customization, transaction ordering, and internalized MEV capture.Native Layer-1 and Enshrined Liquidity Consensus: Initia L1 is the first Cosmos SDK-based chain using MoveVM and Move smart contracts, with native liquidity staking to secure the network and enhance multi-chain liquidity.Unified Product Suite:Initia Scan: Explorer for L1 and all L2s.Initia App: Unified portal for all Initia content.Initia Username: Multi-chain naming service.Initia Multisig: Multi-VM multisignature solution.Initia Wallet Widget: Easy wallet connector and balance manager.Initia Bridge Widget: Simplified bridging across IBC and LayerZero chains to Interwoven Rollups.Initia VIP Program: A programmable economic incentive system distributing INIT rewards to align L1, L2s, and user activities based on KPIs and TVL metrics.
4. Token Utility
Gas Token: INIT is used for transaction fees across Initia L1 and Interwoven Rollups.Liquidity and Security: INIT is used in the native DEX liquidity pools, staked alongside validators to enhance network security and cross-chain liquidity.Settlement Fees: Application chains pay settlement fees to L1 using INIT.Ecosystem Incentives: INIT powers the Initia VIP economic framework to reward and retain users across the ecosystem.
5. Fundraising Information
Total Raised: $25 MillionPrivate Rounds: $22.5 Million raised across three rounds:2023 Early Seed Round (led by Binance Labs) — ~5.07% sold2023 Late Seed Round (led by Delphi Digital and Hack VC) — ~6.17% sold2024 Series A (led by Theory Ventures) — ~4% soldPublic Round: $2.5 Million raised via Echo.xyz, representing ~1% of supply.
6. Ecosystem Growth
16 Deployed Interwoven Rollups: Applications on Initia’s Interwoven Stack have already raised over $28M from leading investors like Binance Labs, Polychain, Hack VC, and Lightspeed Faction.Multi-VM Support: Full interoperability across EVM, MoveVM, and WasmVM environments with seamless token transfers.First MoveVM on Cosmos SDK: Pioneering MoveVM integration with full IBC capabilities.High Interoperability: Native connections to any LayerZero and IBC-compatible chains at launch.
Disclaimer:
This content is for project research purposes only and does not constitute any investment advice.

1. Project Overview
Sign is building the global infrastructure for credential verification and token distribution.
It powers digital public infrastructure for governments, enterprises, and decentralized applications, enabling secure verification of identities, ownership proofs, and contracts.
Sign’s key products include
Sign Protocol: Omni-chain attestation protocol.TokenTable: Smart contract platform for airdrops, vesting, and token unlocks.EthSign: First on-chain e-signature dApp.SignPass: Onchain identity verification system.
Sign is actively adopted in countries like UAE, Thailand, Sierra Leone, and expanding to 20+ countries including Barbados and Singapore.
The project generated $15M revenue in 2024, validating strong product-market fit.
2. Token Information
Token Name: SIGNToken Type: ERC-20, NativeInitial Supply: 1,200,000,000 (12.00% of total supply)Total Supply: 10,000,000,000
Binance HODLer Airdrop Allocation: 350,000,000 SIGNBinance HODLer Airdrop Start Date: April 28, 2025
3. Project Highlights
Real-World Adoption: Active deployments in national infrastructures across UAE, Thailand, and Sierra Leone; expanding globally.Revenue Milestone: $15M in 2024, exceeding capital raised.Massive Ecosystem Growth: 400,000 schemas, 6M+ attestations, $4B+ distributed to 40M+ wallets via TokenTable.Global Cultural Community: Orange Dynasty builds a worldwide movement around freedom and integrity.Tier-1 Investors: Backed by Sequoia Capital (US, China, India & SEA), YZi Labs, and prominent angels.
4. Token Utility
Universal Utility: $SIGN powers all protocols, applications, and initiatives within the Sign ecosystem.Global Community Currency: Stake, spend, and innovate around $SIGN.Alignment & Governance: Long-term holders help guide the strategic direction of the Sign network.
Disclaimer:
This content is for project research purposes only and does not constitute any investment advice.

1. Project Overview
Babylon is the first trustless protocol that enables native Bitcoin staking, allowing BTC holders to contribute security and liquidity to Bitcoin Secured Networks (BSNs). In return, users earn validation rewards.
Babylon Genesis is the first BSN built on the Cosmos SDK and acts as:
A control plane for coordinating other BSNs with Bitcoin.A liquidity hub, enabling secure and efficient BTC liquidity management.
The protocol removes the need for bridges by leveraging Bitcoin’s native security directly through a modular staking layer with dual-quorum finality.
2. Token Information
Token Name: $BABY Token Type: Cosmos SDK native tokenInitial Supply (Listed on Binance): 2,294,036,491Total Supply: 10,015,636,491Maximum Supply: Infinity (inflation starts at 8%, subject to governance)Current Circulating Supply: 2,294,036,491Binance HODLer Airdrop Allocation: 75,000,000Airdrop Start Date: April 10, 2025
3. Project Highlights
Bitcoin-native staking: Enables trustless staking of native BTC directly on Bitcoin Layer 1.Modular finality gadget: Introduces Bitcoin finality into PoS consensus via a dual-quorum mechanism.Control Plane & Liquidity Hub: Babylon Genesis is the L1 that orchestrates security and liquidity for all future BSNs.Dual staking: Both BTC and BABY are used to secure the network. Validators and BTC stakers receive BABY rewards.Phase-driven rollout:Phase 1: Supply side bootstrapped with 57,000 BTC staked from 140k+ stakers.Phase 2: Babylon Genesis L1 launches with DEX, restaking, vaults, and LST minting.Phase 3: Expansion to support EVM compatibility and independent BSNs with BTCFi use cases.Security architecture:CometBFT PoS consensus layerBitcoin Finality Providers (60) finalize blocks alongside 100 PoS validatorsGovernance built on Cosmos SDK moduleFundraising: Raised ~$96M through private rounds (SAFE + token warrants); valuation based on equity, not tokens.
4. Token Utility
Staking:BABY and BTC are both staked to secure the network.BABY rewards are distributed to both validator sets.Payment Currency:BABY is used to pay transaction fees and smart contract gas within the Babylon Genesis chain.Governance:BABY token holders can vote on-chain for protocol upgrades and decisions.Delegation and off-chain discussions enhance transparency.Economic Security:Dual-quorum design with BABY and BTC stakers maximizes security while keeping decentralization.Aligns validator, staker, and governance incentives through BABY tokenomics.
Disclaimer: This content is for project research purposes only and does not constitute any investment advice.

1. Project Overview
KernelDAO is a restaking ecosystem deployed on Ethereum and BNB Chain, offering a suite of decentralized products aimed at maximizing the utility of staked assets such as ETH, BTC, and BNB. By enabling shared economic security and automated reward generation, it enhances network security, liquidity, and user rewards.
KernelDAO is composed of three core products:
Kernel (BNB Chain): Shared security infrastructure for restaked assets like BNB and BTC.Kelp (rsETH): Liquid restaking protocol on Ethereum that provides instant liquidity and enhanced rewards on ETH-based restaked assets.Gain: Automated, non-custodial vaults offering access to airdrops, points, and DeFi rewards strategies.
2. Token Information
Token Name: $KERNELToken Type: ERC-20Initial Supply (upon Binance listing): 162,317,496 (16.23% of total supply)Total Supply: 1,000,000,000Maximum Supply: 1,000,000,000
Binance Megadrop Allocation
Megadrop Allocation: 80,000,000 (8.00% of total supply)Unlock Schedule:50% at TGE (Token Generation Event)50% after 6 monthnMegadrop Start Date: April 8, 2025
3. Project Highlights
Kernel
Core shared security infrastructure on BNB ChainAccepts BNB, BTC, and other yield-bearing tokensOver $630M+ TVLSupports 30+ protocols (25+ middleware, 5+ liquid restaking protocols)
Kelp (rsETH)
$1.2B+ TVL, making it one of Ethereum’s leading Liquid Restaking TokensCollaborates with 150+ DeFi partners including Aave, Spark, Morpho, Compound, Balancer, and moreDeployed on 10+ L2 networks
Gain
Offers automated vaults that optimize for airdrops, yield farming, and point farming$130M+ TVLSupports agETH (Airdrop Gain ETH) and hgETH (High Growth ETH) vaults~15,000 users using 4 major vault strategies
4. Token Utility
Staking
Shared Security: Restaked $KERNEL can be used as economic security for Kernel and Eigenlayer applicationsSlashing Insurance: Staked $KERNEL can provide insurance coverage against slashing events
Governance
$KERNEL holders have voting rights in protocol governance decisions
Airdrops
Kernel ecosystem partners may airdrop governance tokens to $KERNEL holders and stakers

1. Project Overview
GUNZ is a Layer1 blockchain designed specifically for gaming, built on the Avalanche Subnet. It provides a seamless and optional blockchain experience for players, allowing them to own in-game assets as NFTs while maintaining a traditional gaming experience.
Key Features:
Player Asset Ownership: Players can convert in-game items (weapons, characters, decorations, etc.) into NFTs, enabling real ownership and secondary market trading.Optional Blockchain Elements: Players can choose to engage with NFTs or simply enjoy the game without blockchain integration.Native Token: The GUNZ ecosystem is powered by the $GUN token, which facilitates transactions, rewards, and other utilities.
2. Token Information
Token Name: GUNZ ($GUN )Token Type: Layer1 native tokenTotal Supply: 10 billion $GUN Maximum Supply: 10 billion $GUN Initial Circulating Supply: 604,500,000 GUN (6.05% of total supply)Launchpool Allocation: 400,000,000 GUN (4% of total supply)
Binance Launchpool Details:
Start Time: March 28, 2025, 08:00 (UTC+8)Duration: 3 daysSupported Staking Assets: BNB, FDUSD, USDCPersonal Hourly Mining Cap:BNB Pool: 444,444 GUNFDUSD Pool: 55,555 GUNUSDC Pool: 55,555 GUNRequirement: KYC verification
Binance Spot Listing:
Listing Date: March 31, 2025, 21:00 (UTC+8)Trading Pairs: GUN/USDT, GUN/BNB, GUN/FDUSD, GUN/TRYSeed Tag: Assigned
3. Project Highlights
Backed by Gunzilla Games, a AAA gaming studio.Strong development team with experience from Ubisoft, EA, HBO, and Call of Duty franchises.Ownership of Game Informer, a major gaming media outlet acquired from GameStop in March 2025.Flagship Game: "Off The Grid (OTG)," a cyberpunk-style Battle Royale, launched in early access on October 8, 2024. The game supports PC (via Epic Games Store), PlayStation 5, and Xbox Series X|S, but is not available on Steam due to NFT restrictions.
4. Token Utility
In-Game Transactions: Used to purchase in-game items such as weapons and cybernetic enhancements.NFT Marketplace: Acts as the primary currency for buying and selling in-game NFT items.Player Rewards: Earned through completing in-game tasks and missions.Subscription Services: Used for OTG Pro subscription, allowing players to sell in-game assets.Validator Incentives: Validators earn GUN for verifying NFT conversions and collecting commissions from transactions.
GUNZ represents an innovative integration of blockchain technology into the gaming industry, offering both Web3 and traditional gaming experiences. With the backing of an established game studio and the infrastructure of Binance Launchpool, it has the potential to be a significant player in the blockchain gaming space.

1. Project Overview
Particle Network is solving Web3’s fragmentation of users and liquidity through chain abstraction. By leveraging Universal Accounts, Particle Network allows users to transact seamlessly across multiple chains without needing to bridge assets, manage various gas tokens, or switch between chain-specific wallets.
2. Token Information
Token Name: $PARTI Token Type: ERC-20Initial Circ. Supply Listed on Binance: 233,000,000Maximum Token Supply: 1,000,000,000Total Token Supply: 1,000,000,000Current Circulating Supply: 233,000,000HODLer Airdrop Allocation: 30,000,000
3. Project Highlights
3.1 Key Features of Particle Network
Universal Accounts (ERC-4337): A smart contract-based account system that aggregates balances across chains, simplifying user interactions.Particle Chain (Layer 1 Blockchain): Handles the coordination and settlement of cross-chain transactions executed via Universal Accounts.Universal Liquidity: A network of liquidity providers that automates the bridging process by enabling cross-chain transactions seamlessly.
3.2 $PARTI Token Utilities
Universal Gas Token: Functions as the native gas token for Particle Network, settling gas fees across all chains and dApps integrated with Universal Accounts.Universal Liquidity Token: Used as a settlement and intermediary asset for Liquidity Providers (LPs), enabling them to earn swap fees from cross-chain atomic swaps.Staking & Governance: Token holders can stake $PARTI for governance participation, influencing network decisions and decentralization efforts.
4. Growth & Development
Industry Leadership: Particle Network pioneered the concept of chain abstraction, contributing to research and defining the industry standard.UniversalX Trading Platform: A chain-agnostic platform supporting tokens across 14+ EVM chains and Solana, with over $430M in trading volume since launching V2.Funding & Adoption: Raised $20M in private funding across multiple rounds, supporting continued ecosystem expansion.

1. Project Overview
Bubblemaps transforms blockchain data into a visual experience, making analysis engaging and efficient. The platform provides advanced tools that simplify tokenomics, allowing users to uncover deceptive supply patterns in the market. Bubblemaps offers an intuitive, user-friendly interface to help users analyze on-chain data without being overwhelmed by its complexity.
2. Token Information
Token Name: $BMT Token Type: BEP20, SPLInitial Supply: 261,568,133 BMT (26.15% of max token supply)Total Supply: 1,000,000,000 BMTMaximum Token Supply: 1,000,000,000HODLer Airdrop Allocation: 30,000,000 BMT (3% of max token supply)Additional Funding:Equity Round: Raised 6.1M USDToken Rounds: 19.35% of supply sold at prices ranging from 0.020 USD to 0.043 USD per BMTBinance Wallet IDO: Raised 0.8M USD, with 4% of the supply sold at 0.020 USD per BMT
3. Project Highlights
On-Chain Data Visualization: Bubblemaps simplifies the process of analyzing blockchain data by transforming it into an easy-to-understand visual format. This makes it easier for users to detect tokens with deceptive supply distributions.User-Friendly Tools: The platform offers features like Magic Nodes (AI-powered pattern recognition), Time Travel (full historical data of token distributions), and Tracer (tools for modifying token addresses), along with cross-chain capabilities.Strong User Base: With 500K monthly active users and 10M views per month on X (formerly Twitter), Bubblemaps has gained significant traction in the blockchain and crypto space.Key Partnerships: Collaborations with major blockchains like Solana, Base, Polygon, and more, as well as integrations with platforms like Pump.fun, Photon, and DEX Screener.
4. Token Utility
Powering Intel Desk: BMT tokenholders can vote on the next on-chain investigation by allocating their tokens to the Intel Desk, a community-driven feature that helps shape the investigations and priorities of the platform.Premium Access: $BMT holders unlock premium features in Bubblemaps V2, such as AI models, P&L computation, and cross-chain results, enabling more powerful analytics and deeper insights into tokenomics.
5. Bubblemaps Network Structure
Bubblemaps is designed to be an accessible platform for both technical and non-technical users. By offering simplified views and easy-to-navigate features, the platform removes the intimidation often associated with on-chain data analysis. The platform also integrates with other on-chain tools like Etherscan and DEX Screener to enrich its data.
6. Existing Products
Bubblemaps V2: The newest version of Bubblemaps includes several groundbreaking features:Magic Nodes: Reveals hidden patterns and clusters in token distribution using AI.Time Travel: Provides full historical data of token distribution, allowing users to analyze token performance over time.Tracer: Allows users to add or remove addresses and import data sheets for enhanced analysis.Cross-Chain: The platform now supports multiple blockchains, making it more versatile in its data collection and analysis.Bubblemaps Intel DeskWith Intel Desk and BMT, the community will decide not only what Bubblemaps investigates but also help shape the conversations within the industry. We aim to use our influence to bring more transparency and accountability to the space.

7. Funding and Token Metrics
Bubblemaps has raised 6.1 million USD across several funding rounds, including a significant contribution from the Binance Wallet IDO, which added 0.8 million USD to the project’s coffers. The project has achieved a circulating supply of 261,568,133 BMT at launch, representing 26.15% of its total maximum supply.
8. Conclusion
Bubblemaps is at the forefront of simplifying blockchain data analysis. By combining visual tools with advanced analytics, it allows users to uncover hidden insights about tokenomics and detect potentially deceptive practices. With strong backing, a large and engaged user base, and partnerships with major blockchain platforms, Bubblemaps is poised to continue growing as a leading tool in the on-chain analytics space.

1. Project Overview
Nillion is a permissionless network that provides secure data storage and computation for blockchains and AI. Nillion addresses the challenges associated with handling high-value data (e.g., data for AI agents, trading data) that is difficult or impossible to process securely using traditional blockchains. The network enables blind computation, which allows data to be stored and processed without revealing its contents, ensuring privacy and security.
2. Token Information
Token Name: $NIL Token Type: Native Utility TokenInitial Supply: 195,150,000 (19.52% of the Genesis Total Supply)Total Supply: 1,000,000,000Maximum Token Supply: 1% yearly inflation, offset by deflation from network usageGenesis Total Token Supply: 1,000,000,000Launchpool Allocation: 3.5%Additional Marketing Allocation: An additional 25,000,000 NIL will be allocated to other marketing campaigns on Binance 6 months after the spot listing.
3. Project Highlights
Secure Data Computation: Nillion enables decentralized AI and blockchain applications to handle and process private data securely using advanced privacy-preserving technologies.Privacy-Enhancing Technologies (PETs): The project uses Multi-Party Computation (MPC), Homomorphic Encryption, and Zero-Knowledge Proofs to secure data computation and storage across a decentralized infrastructure.Innovative Ecosystem: Nillion’s platform supports multiple components like nilAI, nilDB, and nilVM, which are all designed to facilitate privacy-preserving AI, secure data storage, and private application development.Token Utility: NIL serves various purposes including coordination network transactions, staking, governance participation, and accessing privacy-preserving computational services.
4. Token Utility
Coordination Network: NIL is used for transactions, accessing network resources, and settling usage costs within the Coordination Layer of the network.Blind Computation: NIL grants developers and users access to advanced privacy-preserving computation services for applications.Staking: Tokenholders can stake NIL tokens to support network security and earn rewards. Validators bond tokens to validate transactions and computations.Governance: NIL tokenholders can participate in decentralized governance, influencing protocol upgrades, network parameters, and resource allocation.
5. Nillion Network Structure
Nillion operates through two main layers:
Petnet Layer: Enables blind computation by processing data without revealing its content, ensuring privacy and security for sensitive data.Coordination Layer: Acts as the network’s transactional backbone, managing payments, resource allocation, and requests between network participants.
The network uses CometBFT (a fork of Tendermint) for consensus and Delegated Proof of Stake (DPoS) for validator selection. Validators can participate by self-bonding tokens and receiving delegated tokens, securing the network's integrity.
6. Existing Products

nilAI: A privacy-focused AI toolkit including AIVM and nilTEEs for larger model inference, and nada-AI for federated learning and small-scale inference.nilDB: A distributed NoSQL database that stores sensitive data securely while maintaining privacy, utilizing a secret share approach across nodes.nilVM: A platform for developing privacy-preserving applications with a Python-based DSL, including the DeSig SDK for private key management and cross-chain operations.
7. Funding and Token Metrics
Nillion has raised $52.7 million through three funding rounds. As of March 20, 2025, the circulating supply upon listing will be 195,150,000 NIL, which represents 19.52% of the total token supply. This distribution, along with future marketing and staking programs, will help drive network growth and adoption.
8. Conclusion
Nillion is positioning itself as a key player in the Web3 space by providing secure data storage and computation for sensitive information. Its innovative approach to blind computation and privacy-enhancing technologies makes it an attractive solution for developers in the AI and blockchain sectors who require privacy and security in their applications. With a robust product ecosystem, a well-structured token utility model, and strong funding support, Nillion is poised to have a significant impact on the evolution of decentralized computing and data management.