Yesterday, the brothers left Binance Alpha again. As expected, the threshold for Alpha points has increased (223 EDGEN and 210 SQD last night). The data doesn't lie.

There's a bad news and a good news, which one do you want to hear first?

The bad news is that the number of active addresses in the Binance wallet has reached a new high again, 201,539, and the trading volume has also hit a new high, 9.54 billion;

The good news is that the average trading volume per user hasn't increased much, with an average daily trading of 47,355 USD per address (still around the 15-16 point range), and even with a threshold of 223 points, if considering an average airdrop return of 70 USD, the 16 point range still seems the most suitable.

Just be prepared for lower future returns.

For Alpha to sustain itself, it only needs to keep the airdrop frequency in line with user growth. With Binance's current influence and Alpha's popularity, there shouldn't be a shortage of projects, and it should still be able to last for a while.

SQD remains stable at 90 USD, which meets expectations, but $EDGEN has fallen significantly below expectations. LayerEdge is a Bitcoin L2 project based on ZK, with a total supply of 1 billion. The Pre-Seed funding amount has not been disclosed, but the community round started with a valuation of 20 million. Now the price is only 0.023 USD (FDV 23 million), and there is little room for further decline; although 1111 units are only 25 USD, and it's still on the ETH chain, the number of claimants is very low. The potential value of a re-distribution has currently exceeded 100 USD. It seems everyone has become wise and wants to observe tonight to decide whether to claim or not.

#BinanceAlpha @binancezh