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Internal and external troubles, analyze whether Binance's "flow effect" has the
ability to resist risks from multiple data points?
Detailed content analysis of the hearing of the SEC against BinanceUS
Wyre, a crypto payments platform, shuts down, selling assets
The SEC’s lawsuit against Binance and Coinbase could affect the U.S. legal and
political system for years to come
Kuex Cryptocurrencies News More
2023-06-19Internal and external troubles, analyze whether Binance's "flow
effect" has the ability to resist risks from multiple data points?

Recently, Binance has been under attack from both sides. On the one hand, the US
regulators are pressing every step of the way. On the other hand, the crypto
community has erupted disputes over the standard and income of Binance’s
currency listing. questioned. The entanglement with US regulation is bound to be
another protracted legal battle, and the outside world generally believes that
it will not until the two parties settle.

Standing at the center of the storm of public opinion, as a former "bull market
perpetual motion machine", does the Binance ecosystem have the ability to
resist? Can Binance’s value capture still surprise? Is the "traffic effect" of
this leading encryption company still there? PANews tried to find out from the
data.

Both market share and on-chain ecology have accelerated recovery

Compared with the sluggish market of mainstream currencies, in the past period
of time, BRC20, Meme, etc. have stolen the market's limelight by relying on the
myth of getting rich by thousands of times and tens of thousands of times. The
active CEX (centralized exchange) traffic of these concept currency trading
volume Divide up with the Bitcoin trading market. According to data from The
Block, at the end of May this year, the spot trading volume ratio of DEX and CEX
exceeded 21% for the first time. The trading volume of CEX was once at the
lowest level in this year’s history, and has now dropped sharply to 13.9%.

However, behind the seemingly prosperous scene of these popular concept coins is
a large number of survivors’ deviations. Except for a very small number of
“smart money” who successfully bet, more investors are facing risks such as
insider trading, being buried in front-runners, and projects running away. .
Cases that successfully earn high profits are more likely to be disseminated by
the community. In fact, the current popularity of these altcoins continues to
decline, market funds have also begun to flee, and the market heat has returned
to CEX.

According to The Block data, as of June 7, the market share of Binance’s monthly
trading volume peaked at 62.01% in February 2023, and then continued to decline
to 48.58% in March and April. It is the time of the Meme and BRC20 craze.
However, after April, the market share of Binance’s trading volume began to rise
significantly to the current 52.9%.

Not only that, but the BNB Chain ecology has also begun to recover. According to
the Q1 market performance of 15 L1 public chains counted by Messari, BNB Chain’s
first-quarter financial revenue and market capitalization annual and quarterly
cumulative change percentages both ranked second on the list, second only to
Ethereum. At the same time, BNB and ETH are still No. 1 The only deflationary
token in Q1.

The BNB Chain browser data shows that in recent months, transactions on the BNB
Chain have continued to be active. As of June 8, the total number of
transactions on BNB Chain has risen to 4.064 million, an increase of 80.2% from
the beginning of the year. At the same time, from the perspective of the number
of addresses, since 2023, the number has increased by more than 110 million, an
increase of about 47.8%.

In addition, the daily gas fee consumption of BNB Chain has also continued to
increase, an increase of 53.1% from the beginning of the year, which proves that
its ecology is active. Recently, Binance also launched a new Gas Grant program,
which will provide gas fee incentives of US$200,000 per month to qualified
projects, which may attract more projects to join.

It is worth mentioning that in April this year, the BNB Chain development team
launched the decentralized storage infrastructure BNB Greenfield and has
launched the test network "Congo". The main network will be launched in Q3 this
year. As the data and storage layer of the BNB Chain ecosystem, the launch of
BNB Greenfield will further stimulate the growth and prosperity of the BNB Chain
ecosystem. In addition, BNB Chain is expected to upgrade the "Luban" hard fork
(BEP-126, BEP-174 and BEP-221) on June 12, which will create a faster and safer
network for users, and the optimization of user experience means This will feed
back the ecosystem of BNB Chain.

Of course, the most direct relationship with ordinary users is whether the
assets listed on Binance can really bring value. "BRC20, Meme, etc. are all
rising wildly, but all kinds of value coins are no longer interested." Under the
crypto bear market, altcoins with dozens of times the rate of return are sought
after by funds, which also makes many believe in value investing. " "Classical
players" were anxious for a while. The main reason behind the "retail investor
revolution" is that assets are greatly discounted in a bear market environment,
and investors urgently need more stable and generous returns.

Low-priced coins are easier to capture high gains

For players such as Meme, small funds and high multiples are the main motivation
to participate. In addition to high-net-worth or institutional users, small and
medium-sized investors are also the main participants in the market, which also
makes low-priced coins their favorite sector, and the data also confirms this.

Judging from the 11 projects (including two IEOs) that Binance will launch in
2023, projects with lower issue prices will have relatively higher growth rates,
such as ID and EDU, which also explains to a certain extent that projects with
low unit prices have called for Stronger and more attractive to investors.

Of course, on the whole, these new projects have shown a good market rate of
return. Judging from the closing price increase on the first day, the average
growth rate of these projects reached 383.9%, among which EDU, SUI and ARB
performed the best; from the perspective of the highest yield in history, the
average growth rate was as high as 823.4%, especially ID and EDU were the
highest. 41 times and 32.8 times, and 83.3% of the project yields lead Bitcoin
in the same period; from the perspective of the time required for the highest
profit, users can obtain the highest return on average for 17 days, and the
projects with a new high within a few days account for 58.3% of the overall.

From this point of view, compared with high-risk assets such as Meme, Binance,
while acting as the "gatekeeper" of high-quality investment targets, also
generally brings considerable benefits to users. Although there has been no
project with a similar 100-fold effect since GMT in December 2022, Binance’s
currency-listing project has a very bright return rate under the downturn of the
bear market, and tends to provide users with more stable returns .

"The underlying logic of listing on Binance is to try to list projects that can
live longer and bring returns to users. This is actually the gap between
investment research capabilities and aesthetic differences. Which platform can
identify suitable listings for a long time? Project and timing, which platform
users can live longer, this is the core competitiveness of the platform. (For)
the Launchpad project, what price we get to the user is the lowest we can talk
about, so users grab IEO Basically, everyone can make a profit. But the price in
the secondary market is not under our control. As for who buys cheap chips and
who sells them early, Binance does not control, but the project party must
unlock according to the public notice, and Binance will supervise. " Binance
co-founder He Yi recently said in the community.

Dozens of times the bear market returns still exist

Looking back on Binance’s performance in new markets in the past, with its
excellent marketing and the liquidity of leading trading platforms, whether it
is the empowerment of project parties or the return on investment for users,
Binance’s previous “coin listing effect” has It is obvious to all. So, under the
current bear market environment, let’s see if Binance’s money-making effect of
listing coins is still there from the past years’ Launchpad projects and the
return rate of BNB held.

According to PANews statistics (denominated in USDT), Binance Launchpad has
launched a total of 17 projects so far, most of which have achieved dozens of
times the rate of return. From the perspective of holding costs, the number of
projects with low prices and high gains is relatively large, including TKO, C98,
BETA, GMT and ID, which are more likely to attract most investors; Look, the
average increase of 17 projects reached 1458.2%, among which EDU, ID, HOOK,
LAZIO, BETA and TKO performed the best; the average value of the highest profit
in history was as high as 5186.7%, and the three projects of GMT, BETA and C98
had the highest return rate , especially the highest rate of return of GMT is as
high as 416.8 times; from the perspective of the highest profit time, the
average holding time for users to obtain the highest profit is 34 days, and the
projects that hit new highs within a few days account for 52.9% of the total.
However, in terms of yield, projects with a longer holding time dimension have
relatively higher returns.

According to the annual division, from the perspective of the first-day return
rate, the number of new listings on Binance in 2021 and 2022 is quite different,
but the average return rate is basically the same, both exceeding 1371%. In
2023, although only two new IEOs are temporarily launched projects, but the
average increase is in the lead, reaching 2092%. In addition, judging from the
highest increase in history, the average income in 2022 far exceeds the other
two years, exceeding 153.5 times, mainly due to the GMT of the 100-times
project, followed by 3690% in 2023, and the time and cost required are
relatively low. The number of new listings on Binance Launchpad is also in line
with the popularity of the market. Under the bear market, although new projects
emerge in an endless stream, there are still few high-quality projects, and the
frequency of new listings is also significantly reduced. The number of new
listings has not been gathered for the sake of new listings.

In addition, according to the participation requirements of Binance Launchpad,
the user input amount is determined based on the average holdings of BNB, so
what is the market return of BNB? From the data point of view, in 2021, BNB has
increased by more than 11.6 times in the whole year, and the income of Bitcoin
in the same period is only 64.4%. , In contrast, BNB is more resilient; BNB has
only risen by about 12.2% since 2023, 62.3% behind Bitcoin. , BNB as a platform
currency is more or less affected.

But no matter what, on the whole, in the face of the current bear market
environment full of regulatory challenges, Binance not only has the resilience
but also has the ability to attract funds, no matter from the perspective of the
activity on the BNB Chain chain or the selection of products. selling point. It
is not difficult to see that Binance is still able to fight, and the entire
encryption market is gradually transitioning to a recovery stage after a long
cooling-off period.

 

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Internal and external troubles, analyze whether Binance's "flow effect" has the
ability to resist risks from multiple data points?
Detailed content analysis of the hearing of the SEC against BinanceUS
Wyre, a crypto payments platform, shuts down, selling assets
The SEC’s lawsuit against Binance and Coinbase could affect the U.S. legal and
political system for years to come
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