Unprecedented 24-hour Volume Peak: Binance Alpha 2.0 Records staggering new All-Time High (“ATH”) at $206,000,000.
Chill Out and Read Up on Google News * Binance Alpha 2.0 Scores Half a Billion in Three Days* Meme Coins POPCAT, MEW Steal the Spotlight
Hey there! Let's talk about Binance Alpha 2.0, a red-hot Binance product that's all the buzz these days. Guess what, it's been raking in almost half a billion in three days in over 2 million on-chain transactions! So, which tokens are the go-to's right now?
Binance Alpha 2.0: Half a Billion in Three Days
You may have heard about Binance Alpha 2.0, a nifty Binance instrument designed for users to trade tokens on-chain with deposited CEX funds. As spilled by Panda Jackson, a pseudonymous crypto data analyst, the April 29 session smashed its trading volume all-time high.
That session saw Binance Alpha 2.0 soar to a whopping $205.9 million in volume and 840,000 transactions. In total, over the April 29-May 1 sessions, the platform has already moved over $500 million in volume and two million transfers.
At peak market times, the platform was processing $25 million per hour in trading volume!
This is beyond massive growth: a month ago, both the transfer count and volume metrics were a mere 60x lower. In early April, during the grim crypto market, daily trading volume on Binance Alpha 2.0 dipped below $500,000.
KMNO is the native governance and utility cryptocurrency of Kamino Finance, Solana's DeFi protocol offering lending and staking features. One of three transactions on Binance Alpha 2.0 was associated with the KMNO cryptocurrency in the last 24 hours.
Meme Coins POPCAT, MEW Make a Splash
While we're on the topic of big numbers, meme cryptos are definitely driving the hype on Binance Alpha 2.0. Popcat (POPCAT) and Cat in Dogs World (MEW), the two biggest cat coins by market cap, are currently in the top 5.
Even though AI-related tokens have mostly disappointed, AI16Z and AIOT are still putting up good numbers on Binance Alpha 2.0. HOUSE, a meme coin backed by Ansem, a major Solana influencer, is also trending on Binance Alpha 2.0.
For all these tokens, the influx of liquidity from Binance's CeDeFi spin-off has led to solid price gains. Over just three days, HOUSE's price jumped over 100%, KMNO added 17%, and POPCAT climbed by 9%.
#MEW Time #AI News #Solana Hot Goss
- Binance Alpha 2.0 is a product from Binance, designed for users to trade tokens on-chain with deposited CEX funds.
- The platform reached an all-time high of $205.9 million in volume and 840,000 transactions on April 29.
- Over the following three days, Binance Alpha 2.0 moved over half a billion dollars in volume and handled two million transfers.
- Peaking at $25 million per hour, the platform saw significant trading volume growth.
- KMNO, the native governance and utility cryptocurrency of Kamino Finance, was one of the tokens involved in transactions on Binance Alpha 2.0 in the past day.
- Meme coins, such as Popcat (POPCAT) and Cat in Dogs World (MEW), are currently dominating Binance Alpha 2.0, holding top positions by market cap.
- AI-related tokens like AI16Z and AIOT are also performing well on Binance Alpha 2.0, despite overall disappointments in the AI sector.
- HOUSE, a meme coin supported by Ansem, a significant Solana influencer, is also trending on Binance Alpha 2.0.
- The influx of liquidity from Binance's CeDeFi spin-off has contributed to price increases for HOUSE, KMNO, and POPCAT, with gains of over 100% for HOUSE, 17% for KMNO, and 9% for POPCAT in just three days.
