- Binance Alpha 2.0 surpassed $100 million in its first week after the launch.
- Mubarak, TUT, and Broccoli are the major drivers behind Binance Alpha 2.0 trading volume.
The leading crypto exchange Binance has reached a milestone of $100 million trading volume for its Binance Alpha 2.0. It has only been a week since the launch of Binance Alpha 2.0 and it made this record. The launch of several popular memecoins on this feature made this record possible.
Binance Wallet introduced Binance Alpha to help traders discover early-stage projects with future growth potential. It also served as a pre-listing pool to enhance transparency in Binance exchange token listings. Strong community interest, increasing traction, and alignment with key trends are the major factors to be considered for Binance Alpha token selection.
Last week, the exchange made another announcement of the Binance Alpha 2.0 launch. This not only helps traders discover new tokens but also helps them purchase these tokens on-chain. Binance Alpha 2.0 redefined the way a centralized crypto exchange operates by integrating DEX features such as on-chain purchase.
Memecoins MUBARAK, TUT, BROCCOLI Drive Binance Alpha 2.0 Trading Volume
Three major drivers behind the Binance Alpha 2.0 trading volume surge are Mubarak, TUT, and Broccoli. Last week, Binance announced a “Vote to List” campaign listing 9 cryptocurrencies to finalize 5. The following cryptocurrencies were included in the list,
- BANANAS31
- BID
- Broccoli (Broccoli)
- Broccoli (CZ’s dog)
- KOMA
- SIREN
- Mubarak
- TUT
- WHY
Among these cryptocurrencies, 5 tokens were finalized based on the maximum number of votes. Mubarak, TUT, and Broccoli are among the finalized cryptocurrencies and recorded a major share of the total trading volume.
As per Dune Analytics, the Binance Alpha 2.0 trading volume is hovering around $104,207,917 at press time. Out of this, 31.2%, 13.9%, and 11.2% were recorded from Mubarak, TUT, and Broccoli respectively. Coming to transaction count, the Binance Alpha recorded 85,086 transactions. While 19.6% of them are Mubarak transactions, TUT, Broccoli, and BNB Card followed it with 10.7%, 8%, and 7.9% of total transactions.
The Mubarak token has been trending ever since its launch. When CZ changed his X profile picture similar to the Mubarak logo, it further stirred interest among the investors. Meanwhile, several community members questioned Binance’s disregard for Pi coin listing. However, the first batch only considered priests from the BNB Smart Chain.
Binance is already a leading crypto exchange in the industry and its new announcements and innovative launches are further increasing its user base and reputation in the industry. It will be no surprise if the Binance Alpha continues to reach new records and strengthen Binance’s position in the market.
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