Binance Alpha token drives BNB Chain activity, with weekly trading volume increasing by 114.6%

According to Cointelegraph, data shows that Binance Alpha has increased the on chain activity of BNB Chain, with a 114.6% increase in weekly trading volume and over 1 million new addresses added daily. Among the first batch of Alpha tokens launched, 71% chose to deploy on BNB Chain, 60% were released through Binance Wallet's Initial DEX Issuance (IDO) module, and the rest were launched through Launchpad and Launchpool. Among the top 20 Alpha tokens in terms of current trading volume, 9 are native to BNB Chain. In addition, some projects such as Hadal Protocol and Polyhedra Network have deployed over 50% of their liquidity on BNB Chain, driving the total lock up volume (TVL) growth of the chain.