A Review of Binance's Alpha 26 "Potential" Projects: Generally Have Real Applications, AI Tracks Become Market Makers, Is the MEME Trend Over?

Author: Frank, PANews

Previously, PANews conducted an analysis on the correlation between the characteristics of token activities on Binance Alpha and market performance. The study found that the best-performing tokens on Binance Alpha share the following characteristics: they have launched Binance contract trading, have not launched spot trading pairs, have not participated in airdrop activities, and are issued on the BSC chain. However, simply knowing "which" tokens perform well is not enough; the more critical question is "why." This purely historical data-based screening is akin to carving a boat to seek a sword.

Therefore, this article will delve into the core of these 26 projects, analyzing their respective technologies, narratives, and ecological niches, aiming to penetrate the surface and reveal the real forces driving their rise, while exploring the popular tracks and core values that will lead the next market cycle.

The table below shows some basic information about these 26 tokens (as of September 8):

Overall, not all tokens that meet these characteristics are in an upward trend, as 8 tokens fell below their listing price after being launched on Binance Alpha, with the largest decline exceeding 70%. Additionally, the overall characteristic of these tokens is that they are generally project tokens with practical applications, and there is a relatively high proportion of tokens related to AI in their distribution. In contrast, the previously relatively lively MEME coins are scarce on this list, with only 4, and they are mostly well-known or have clear endorsements.

In terms of market capitalization distribution, the average market capitalization of these tokens reached 147 million USD, with the lowest market capitalization being 7 million USD.

Here is a brief introduction to these projects:

####DeFi & RWA related categories:

MYX Finance (MYX): A decentralized exchange (DEX) focused on perpetual contract trading. This project is supported by venture capital firms including Sequoia, Consensys, and Hack VC.

Velvet (VELVET): An operating system for DeFi asset and portfolio management integrated with AI and intent-driven architecture. According to information from the official website, the project is participating in the MVB V incubation program of the BNB Chain. Velvet offers services including native user applications, proxy TG bots, easy-to-integrate APIs, and an operating system for proxies called DeFAI.

MilkyWay (MILK): A modular staking hub designed for various blockchain networks. Its main objectives are twofold: to provide "shared security" for developers building new projects and to offer a customizable "re-staking" layer protocol.

TokenFi (TOKEN): A no-code tokenization platform for creating crypto assets and tokenizing real-world assets (RWA). It allows users to quickly launch tokens (ERC-20/721) through a web interface or Telegram/Discord bot without any programming knowledge.

Lorenzo Governance Token (BANK): A decentralized asset management platform focused on institutional-grade yield products. It creates on-chain trading funds that integrate RWA, quantitative strategies, and DeFi protocol yield products. The platform's flagship product is an on-chain yield product combined with USD1.

####AI-related classes:

Alaya Governance Token (AGT): A distributed artificial intelligence data collection and annotation platform that labels high-quality AI training data through crowdsourcing.

Port3 Network (PORT3): A decentralized unified AI operating system. The main products are a machine learning dedicated computing network, a cross-chain execution layer, a data aggregation layer, and a complete agency market. The main goal of the project is to simplify the development and deployment process of AI applications by integrating the necessary infrastructure.

Mind Network (FHE): A fully encrypted security layer built using Fully Homomorphic Encryption (FHE) technology for Web3 and AI. Its core technology, FHE, allows computation on encrypted data without decryption, thereby addressing critical privacy and security issues.

Tagger (TAG): A Web3 infrastructure project aimed at managing AI digital content metadata through a decentralized tagging system. It incentivizes users to provide accurate content tags through token rewards and employs a hybrid mining model that combines proof of work and proof of contribution.

CreatorBid (BID): A decentralized ecosystem empowering creators and AI agents. It features an AI agent launch platform that allows for tokenization and launching of AI projects through bonding curves.

Codatta XNY (XNY): A decentralized multi-chain AI knowledge protocol designed to transform data into verifiable and valuable digital assets. At its core is a royalty model that allows data contributors to earn continuous royalty income from AI and decentralized science (DeSci) projects that use their data.

MEET48 Token (IDOL): A Web3 entertainment ecosystem that combines AI, the metaverse, and fan-driven governance. It collaborates with the real-world idol group SNH48 GROUP, which has over 30 million fans, to integrate traditional idol culture with Web3 technology.

SKYAI (SKYAI): An AI infrastructure project that enhances the interaction capabilities of large language models (LLM) with blockchain. Its core technology is "Extended MCP," a protocol that allows LLMs to access and aggregate on-chain data in real-time, enabling autonomous decision-making.

####MEME category:

SIREN (SIREN): SIREN is a meme coin launched on Four.Meme. The narrative behind the project is a token analyst combined with AI.

USELESS COIN (USELESS): A satirical Meme coin launched on the Solana blockchain.

BUILDon (B): A MEME coin themed around the USD1 mascot.

Koma Inu (KOMA): A community-driven dog-themed Meme coin issued on the BSC chain.

####BTC Ecosystem:

pumpBTC Governance Token (PUMPBTC): A multi-chain liquidity staking protocol for Bitcoin (BTCFi). It allows users to stake various forms of wrapped Bitcoin (such as WBTC, BTCB) to earn returns.

Hemi (HEMI): Layer-2 scaling and interoperability protocol. Treat Bitcoin and Ethereum as components of a single "super network" to achieve scaling for both and enhance their utility.

Bitlayer (BTR): A Bitcoin Layer 2 network designed to leverage the security of Bitcoin to support smart contracts and decentralized applications (dApps), thereby expanding the functionality of Bitcoin. Bitlayer has received support from several top investment institutions, including Franklin Templeton, Polychain Capital, OKX Ventures, and ABCDE.

Bedrock (BR): A multi-asset liquidity re-staking protocol focused on bringing assets like Bitcoin and Ethereum into DeFi.

BSquared Token (B2): A Layer 2 solution that extends Bitcoin's functionality. Utilizing zero-knowledge proof (ZK-rollup) technology, it achieves compatibility with the Ethereum Virtual Machine (EVM) while maintaining the security of Bitcoin, thereby supporting smart contracts and DeFi applications.

####Others:

BNB Attestation (BAS): Decentralized Identity (DID) and Data Verification Protocol. By providing a standardized, decentralized infrastructure on the BNB Chain for the creation and verification of digital proofs (i.e., "proofs"), it addresses the trust deficit issue in Web3.

CUDIS (CUDIS): A blockchain-driven health longevity protocol that belongs to the health technology and DePIN fields. Through the "health is mining" model, users can track health data using smart wearable devices like CUDIS Ring to earn token rewards.

TAKE (The Giving Block): A peer-to-peer (P2P) trading market for game assets that connects Web2 and Web3, aimed at bringing traditional player communities into the on-chain economy through partnerships with established platforms like ItemBay and ItemMania.

OKZOO (AIOT): A decentralized AIoT (Artificial Intelligence of Things) project aimed at addressing key issues in traditional environmental data monitoring, such as insufficient coverage, delayed data updates, and difficulties in verifying the authenticity of information.

Summary:

By analyzing these projects, we seem to be able to gain some insights, such as the selection criteria for potential tracks or a re-evaluation of Binance Alpha.

First of all, the market feedback from Binance Alpha shows us that purely cultural or trending MEME tokens are no longer leading the market. Instead, there are some projects with practical use or innovation, and perhaps Binance is also intentionally guiding a positive shift from MEME to practical value in listing new coins.

For Binance Alpha (not limited to Binance, but also including similar products launched by other exchanges), besides frequent airdrops and point accumulation, perhaps these rankings should be regarded as a thematic database for filtering certain projects. Paying attention to the content of these newly listed projects may have certain reference value for long-term investments or for those hoping to bet on future directions. After all, from the content and background of these projects, they generally exhibit innovation and good endorsements, but most of these projects are still in the early stages and carry significant volatility risks.

From the distribution of topics, we can see that there are many AI-related projects and projects that combine with reality, as well as five projects surrounding the Bitcoin ecosystem. This somewhat reflects Binance's enthusiasm for betting on the upcoming popular tracks.

Finally, it should be noted that this research is primarily based on providing ideas rather than investment advice. Most of the information regarding these projects comes from the disclosure of their official content, and the market data is also based on previous historical data. Additionally, many of these projects have not performed well in the market, and the specific circumstances and future development need further research and verification.