Web3 transactions face a new dominant force as Binance Wallet records a daily volume of $5 billion.
In the ever-evolving world of decentralized finance, Binance is making significant strides. The renowned cryptocurrency exchange aims to expand its Alpha ecosystem, incorporating a larger pool of promising Web3 initiatives.
This expansion is accompanied by a series of new campaigns and feature updates designed to enhance user experience on Binance Wallet. The wallet remains a central hub for decentralized finance participation, providing a gateway for users to engage in the digital asset landscape.
Binance Wallet's growth is evident in its impressive statistics. In April 2025, user activity saw a substantial increase, with a 58% rise in active traders on April 25, from 44,967 to 71,228. This surge continued, with the wallet achieving a daily trading volume of $5 billion on May 19, 2025, as reported by Dune Analytics.
The success of Binance Alpha, a feature integrated into both Binance Wallet and Binance Exchange, has contributed to this surge in volume and adoption. Binance Alpha offers early access to airdrops and token generation events (TGEs), giving users a competitive edge.
To foster informed participation and responsible engagement, Binance introduced Alpha Points. This system ranks and prioritizes members based on their activity, including trading volume, token purchases, and asset holdings. Committed users can gain early access to high-demand project launches and airdrops in a transparent manner.
The Alpha Points system supports the platform's scalability and enables it to onboard a broader range of emerging projects. Inclusion in the Alpha program does not guarantee a subsequent listing on the Binance Exchange, however.
Binance Alpha facilitated eight airdrop events in May, each of which delivered an average first-day token value of around $1,076 per user. TGE participants using Binance Alpha were able to acquire tokens at prices approximately eight times lower than their closing prices on the first day of trading.
The Alpha Points ranking is measured and averaged over a 15-day window. Binance management aims to reward consistent participation by offering equitable access to high-value opportunities in the Web3 space through the Alpha Points-based system.
It's worth noting that specific founders or executives of Binance directly involved in the development of Binance Alpha and the introduction of the Alpha Points system are not explicitly mentioned in the provided search results.
As with any investment, users are encouraged to assess all potential risks carefully before making any decisions. Binance Wallet holds a market share of 95.3% among the top 12 Web3 wallets, demonstrating its popularity and reliability.
In conclusion, Binance's continued efforts to expand and improve its Alpha ecosystem are driving growth and user adoption in the digital asset landscape. The emphasis on informed participation and transparent access to high-value opportunities is a testament to Binance's commitment to its users and the Web3 space.
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