Original source: Cointelegraph Chinese
As the crypto market continues to fluctuate between bull and bear markets, on-chain data and on-chain opportunities are rapidly becoming the core focus of crypto investors. Different from the mature but slow listing mechanism of centralized exchanges (CEX), the "openness" and "nativeness" of the chain allow funds, emotions, and trends to gather at the first time. The earliest narratives often occur on the chain, and the initial outbreaks often originate from the chain. Therefore, whoever can capture these on-chain signals at the first time will be able to take the lead in the new round of growth.
Leading trading platforms are also quietly turning to this new battlefield: Gate.io uses MemeBox 2.0 to commercialize on-chain asset trends and capture first-mover opportunities in the meme craze; Binance builds an on-chain intelligence system through Alpha to help users identify early capital flows and potential hotspots; and Bitget deploys Onchain to connect on-chain interactions and trading scenarios, and promote the deep binding of on-chain behaviors and profit mechanisms - they are building new product logic around on-chain data, and also providing investors with an "inside perspective" to cross the sideways cycle.
Early participation opportunities in on-chain projects bring higher return potential
A typical example is Dogecoin. Although Dogecoin was not initially launched by a traditional ICO or funding-backed project, it rose from a "joke" coin through the promotion of the on-chain community and the effect of social media. The market value of Dogecoin was close to $90 billion in 2021.
At the same time, Shiba Inu Coin is also a similar example. Although its initial launch was not favored by the mainstream market, through on-chain community consensus and decentralized liquidity, the market value of Shiba Inu Coin once reached approximately US$39 billion at its peak in 2021.
The Importance of On-Chain Opportunities | |
Dimensions | importance |
Information Acquisition | Very early, very fast |
Investment Opportunities | Accurately capture new projects, airdrops, and hot spots |
Risk Management | Real-time monitoring of black swans and large households |
Asset layout | Participate in the "future hit" protocol or ecosystem in advance |
Why do exchanges value on-chain opportunities?
Improve user experience and lower transaction threshold
Traditional on-chain transactions usually require users to manage private keys, switch wallets, or pay high gas fees, which poses an obstacle to ordinary users. By integrating on-chain transactions into exchange platforms, users can directly use existing accounts to trade, simplifying the operation process and lowering the threshold for participation.
Expand market share and attract new users
With the rise of on-chain applications such as DeFi, users' demand for on-chain assets continues to increase. By providing on-chain trading services, exchanges can attract more Web3 users and expand their market share.
Promote the development of Web3 ecology and enhance the competitiveness of the platform
On-chain transactions are an important part of the Web3 ecosystem. By supporting on-chain transactions, exchanges can promote the development of ecosystems such as DeFi and decentralized exchanges (DEX), and enhance the platform's influence and competitiveness in the industry.
Comparison of on-chain products of major exchanges
Gate.io Memebox 2.0
Fast: AI screens and lists popular memes in real time
With the support of AI technology, we use multi-dimensional detection of block networks and on-chain dynamics, analyze data, discover market hotspots in the fastest and most efficient way, and automatically list them, so as to achieve the rapid listing of early popular Memes and help users discover more high-quality trading opportunities.
Yi: No-threshold trading, integrating the advantages of CEX and DEX
MemeBox 2.0 eliminates the need for Web3 wallets and private key management. Instead, you can use USDT in your Gate.io account to trade popular Memes on the chain in one stop. You can say goodbye to tedious operations such as cross-chain and wallet switching, and easily achieve "on-chain transactions are as simple as buying spot goods", making transactions easier and more efficient.
Good: Multi-dimensional rigorous review to lock in high-potential high-quality assets
Relying on multi-dimensional verification such as contract security testing, in-depth analysis of coin holding data, and intelligent identification of insider trading, we can accurately intercept Pixiu disks and problematic tokens, ensuring that popular assets are quickly listed and that every online project has real transaction data, providing users with high-quality trading opportunities.
Security: worry-free on-chain transactions, browse popular memes
With the deep integration of Gate.io's professional security mechanism, users do not need to worry about risks such as wallet private keys being stolen or contracts being interacted with incorrectly. With the high-level security protection system, users can easily start their Web3 transaction journey. Every on-chain operation is protected by an exchange-level security barrier, making transactions safer and more reliable.
Binance Alpha 2.0
Integration into Binance centralized exchange: Users can explore and purchase on-chain tokens directly within the Binance exchange;
No Web3 wallet required: Users do not need to create an on-chain wallet or withdraw assets to an external wallet;
Direct access to trading platform funds: Users can directly use spot, capital accounts or other account funds supported by Binance Payment;
Simplified DEX trading experience: You can easily complete on-chain transactions without complicated operations.
Bitget Onchain
AI-powered decision support
Real-time filtering supported by artificial intelligence helps users identify high-quality opportunities early and avoid blind operations.
Smart Token Discovery and Screening
The system scans the blockchain every minute to track newly deployed, actively traded, or highly market-focused tokens, and marks and ranks tokens based on price changes, fully diluted valuation (FDV), trading volume, and holder activity.
Safety and convenience
All transactions are completed under an exchange-level security system. Users do not need to manage their own private keys and can safely trade popular assets on the chain under high-level asset protection.
