Binance Alpha 2.0 has become one of the major drivers for transaction and DEX activity in the BNB smart chain. The token trading platform reached a $20 billion volume on May 20th, setting a new all-time record.
As of May 20th, Binance Alpha 2.0 has set a new price record, reaching a daily volume of $20 billion. Activities in the BNB Smart Chain Binance Wallet Incentivized by token airdrops and trading contests.
Binance Alpha has become the source of the main volumes of Binance Web3 wallets. Over the past week, Binance Alpha has increased its volume by 223%, tapping both centralized and distributed users.
Binance Alpha 2.0 boosted by Airdrop Hunter
The main goal of Binance Alpha 2.0 was to integrate Web3 activities. Connect Binance’s centralized trader user base. The launch has created special incentives for Binance Wallet users, increasing volumes and transactions.
Initially, the platform was limited in use until traders realized multiple incentives for valuable airdrops. This has led to an increase in agriculture at Alpha Point, especially after the first valuable airdrop. Early users of Binance Wallet and Alpha features had access to Zora, Dood, Sign, and other valuable assets.
Binance Alpha had relatively low requirements for its initial clients. Currently there is a long checklist for Airdrop Hunter, including central exchange and balance of Binance Web3 wallets. Another requirement is aggressive trading of all newly offered tokens through the Binance Alpha program.
Users’ influx into Binance Alpha follows an increase in the value of Alpha Points. Point Balance will be one of the key criteria for future airdrops and token sales through pancake swaps.
BNB Smart Chain has used 365 IDO and ICO events so far based on Cryptorank data. Despite the relatively small number, PancakesWap IDO is the second-highest profitable.
Binance’s exposure and potential listing sparks demand for these events, attracting users even more to Binance Alpha.
BNB chain regains its lead
The BNB Chain has returned as the leader of EVM compatible networks. Pancakeswap currently carries over 41.9% of its Dex volume, surpassing the base and exceeding Ethereum’s Uniswap.
Pancakeswap currently generates more than $2 million in fees daily and maintains a higher baseline in May. The native BNB token again flipped Solana (SOL) and rose to $653.73.
Binance Smart Chain competes with Solana as the go-to chain of memes and token activities. The airdrop incentive generates additional traffic, but not all swaps are organic.
In 2025, Binance continues its deliberate efforts to increase traffic, increase value and become the go-to hub for Web3 activities. As Pancakeswap solved the sandwich attack problem, the chain increased its DEX volume and saw higher demand.
At the same time, Solana’s activities rely on the appeal of meme tokens, mixing hype and later periods. Solana holds leadership as the main network of bots, with BSC hosting only 1.2% of all bot traffic.
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