#BSW (Biswap) was delisted from Binance as part of its regular asset review process, which evaluates projects based on key metrics like trading volume, liquidity, team commitment, and ecosystem health. Before the delisting announcement, BSW's daily trading volume had dropped significantly—falling from over $30 million in early 2023 to under $2 million in mid-2025. Additionally, the number of active developers on the project reportedly decreased by more than 60% within a year, and its total value locked (TVL) on the Biswap platform dropped from nearly $150 million to below $20 million. These sharp declines signaled weakening user interest and platform activity. Binance, prioritizing user protection and asset quality, decided to delist BSW effective June 2025, ensuring its listings remain aligned with the platform’s long-term standards.