"Binance’s ‘Alpha Coin’ Surges… Rising Demand for BNB Chain"

# BNB Chain Emerges as Hotspot for New Cryptocurrency Tokens, Fueled by Binance's Alpha Program BNB Chain has swiftly risen as a prime hub for new cryptocurrency tokens, significantly propelled by the success of Binance’s early-stage project support initiative, the Alpha Program. As reported by Crypto Times on October 16, the Alpha Program, initiated in December 2024, grants participants early access to a diverse array of token projects spanning sectors such as restaking, AI, decentralized finance (DeFi), and meme coins. These projects, referred to as "Alpha Tokens," are in their infancy, facilitating on-chain transactions but not yet listed on major exchanges. Approximately 71% of Alpha Program participants have chosen BNB Chain as their main network. The program acts as a testing ground or "testbed" for pioneering ideas before tokens achieve wider market traction. Around 60% of Alpha Tokens have been launched through Binance Wallet’s integrated decentralized exchange (DEX) feature for Initial DEX Offerings (IDO), with the remaining tokens deployed via Binance’s Launchpad and Launchpool. # Surge in Alpha Tokens Boosts BNB Chain Growth The surge in interest for new tokens has significantly spurred the growth of the BNB Chain network. The chain is currently adding over one million new wallet addresses daily. Trading activities on the network have also surged, with weekly transaction volumes more than doubling in recent months. Presently, BNB Chain processes about 40% of all Alpha Token transactions, indicating strong demand among traders. Nine out of the top 20 Alpha Tokens by weekly trading volume are based on BNB Chain. Some prominent Alpha Token projects on the BNB Chain include BSquared Network (B2), OKZOO (AIOT), Polyhedra Network (ZKJ), MYX Finance (MYX), Haedal Protocol (HAEDAL), Donkey (DONKEY), Boop (BOOP), Milk (MILK), and SkyAI (SKYAI). # Key Metrics Highlight Network Momentum The rapid rise of BNB Chain is significantly linked to its capability to attract new users. Seven of the top 10 Alpha Tokens have new user ratios above 20%. On-chain metrics underscore this growing enthusiasm, with weekly transaction counts rising by 60% and transaction volumes soaring by 114.6%. Infrastructure-focused projects, such as Haedal Protocol (HAEDAL) and Polyhedra Network (ZKJ), are crucial in driving cross-chain liquidity. These projects not only enhance the BNB Chain ecosystem but also encourage more developers to launch their initiatives on the network. Consequently, the Total Value Locked (TVL) on BNB Chain has experienced substantial growth. With its dynamic ecosystem of early-stage projects, strong user adoption, and increased development activity, BNB Chain is steadily establishing itself as a leading blockchain network for innovation in the cryptocurrency space.