Currently, one of the hottest Binance ecosystem products, Binance Alpha 2.0 is experiencing a major influx of liquidity and new traders. Over the past three days, liquidity has processed almost 5 billion in chain transactions over 2 million. Which tokens are most popular now?
Binance Alpha 2.0 reaches a $500 million volume in 3 days
Binance Alpha 2.0 is a unique Binance device designed to allow users to exchange tokens on-chain with funds deposited in CEX, and we see its popularity pass through the roof. As announced by Pseudonymous Data Analyst and Cryptographer Panda Jackson, the April 29 session registered ATH for trading volumes.
In a record-breaking session, Binance Alpha 2.0 reached $25.9 million and 840,000 transactions on volume. In total, with the April 29th-May 1st session, the platform has already handled over $500 million in volumes and 2 million in transfers.
At the peak of the hottest markets, the platform processed $25 million per hour in trading volume.
This represents incredible growth. A month ago, both transfer counts and volume metrics were 60 times lower. In early April, Binance Alpha 2.0’s daily trading volume fell below $500,000 amid overwhelming pessimism in the crypto market.
KMNO is the core native governance and utility cryptocurrency of Camino Finance, Solana’s defi protocol with lending and staking capabilities. In the last 24 hours, one of the three transactions in Binance Alpha 2.0 was associated with KMNO cryptocurrency.
Meme Cryptos Popcat, Mew in Focus
At the same time, Meme Cryptocurrencies are clearly responsible for the hype of Binance Alpha 2.0. Popcat (Popcat) and Cat In Dogs World (MEW) are the two largest cat coins by market capitalization, and are in the top five.
Also, despite the general disappointment with AI-related tokens, AI16Z and AIOT are still working well in Binance Alpha 2.0 in terms of observed metrics. House, the biggest Solana Kol, a meme coin supported by Ansem, is also popular in Binance Alpha 2.0.
All these tokens have made prices strong due to liquidity inflows from Binance’s Cedefi spinoff. In just three days, home prices exceeded 100%, while KMNO added 17%, while Popcat rose 9%.
