By Frank, PANews

PANews previously analyzed the correlation between the activity characteristics of tokens on Binance Alpha and their market performance. This research found that the top-performing tokens on Binance Alpha shared the following characteristics: listing on Binance Futures, not listing spot trading pairs, not participating in airdrops, and being issued on the BSC chain. However, simply knowing "which" tokens performed well is not enough; the more crucial question is "why." This kind of screening based solely on historical data is tantamount to trying to find a sword by carving a mark on the boat.

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, reveal the real driving force behind their rise, and explore the hot tracks and core values that will lead the next market cycle.

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

Overall, not all tokens meeting these characteristics are experiencing price increases. Eight of these tokens have fallen below their listing price since listing on Binance Alpha, with the largest drop exceeding 70%. Furthermore, these tokens are generally project tokens with practical applications, with a high proportion of AI-related tokens. MEME, a previously popular token, is relatively scarce on this list, with only four appearing, and these are mostly already well-known or heavily endorsed MEME tokens.

In terms of market capitalization distribution, the average market capitalization of these tokens reached US$147 million, and the lowest market capitalization was US$7 million.

Here is a brief introduction to these projects:

DeFi & RWA related categories:

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

Velvet (VELVET): A DeFi asset and portfolio management operating system that integrates AI and intent-driven architecture. According to its official website, the project is a candidate for BNB Chain's MVB V incubation program. Velvet offers services including native user applications, agent TG bots, an easy-to-integrate API, and a DeFi operating system for agents.

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

TokenFi (TOKEN): A code-free tokenization platform for creating crypto assets and tokenizing real-world assets (RWAs). It allows users to quickly launch tokens (ERC-20/721) through a web interface or Telegram/Discord bots, without any programming knowledge.

Lorenzo Governance Token (BANK): A decentralized asset management platform focused on institutional-grade yield products. This platform creates an on-chain trading fund that integrates RWA, quantitative strategies, and DeFi protocols. The platform's flagship product is an on-chain yield product tied to USD1.

AI related categories:

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

Port3 Network (PORT3): A decentralized, unified AI operating system. Its primary products include a dedicated machine learning computing network, a cross-chain execution layer, a data aggregation layer, and a complete agent marketplace. The project's primary goal is to simplify the development and deployment of AI applications by integrating the necessary infrastructure.

Mind Network (FHE): A fully encrypted security layer for Web3 and AI built using fully homomorphic encryption (FHE). Its core technology, FHE, allows computations to be performed directly on encrypted data without decryption, thus addressing key privacy and security issues.

Tagger (TAG): A Web3 infrastructure project designed to enable AI-powered digital content metadata management 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 that empowers creators and AI agents. It features an AI agent launch platform that allows for tokenization and launch 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 ongoing royalty income from AI and decentralized science (DeSci) projects that use their data.

MEET48 Token (IDOL): A Web3 entertainment ecosystem combining AI, the Metaverse, and fan-driven governance. Partnering with SNH48 GROUP, a real-world idol group with over 30 million fans, the token combines traditional idol culture with Web3 technology.

SKYAI (SKYAI): An AI infrastructure project that enhances the ability of Large Language Models (LLMs) to interact with blockchains. Its core technology is "Extended MCP," a protocol that enables LLMs to acquire and aggregate on-chain data in real time, enabling autonomous decision-making.

MEME class:

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

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

BUILDon (B): A MEME coin based on 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 earn yield by staking various forms of wrapped Bitcoin (e.g., WBTC, BTCB).

Hemi (HEMI): A layer-2 scaling and interoperability protocol that treats Bitcoin and Ethereum as components of a single "supernetwork" to scale and enhance the utility of both.

Bitlayer (BTR): A Bitcoin Layer 2 network designed to leverage Bitcoin's security to support smart contracts and decentralized applications (dApps), extending Bitcoin's functionality. Bitlayer is backed by top investors including Franklin Templeton, Polychain Capital, OKX Ventures, and ABCDE.

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

BSquared Token (B2): A Layer 2 solution that extends Bitcoin's functionality. Leveraging zero-knowledge proof (ZK-rollup) technology, it maintains Bitcoin's security while achieving compatibility with the Ethereum Virtual Machine (EVM), enabling support for smart contracts and DeFi applications.

other:

BNB Attestation (BAS): A decentralized identity (DID) and data verification protocol. It addresses Web3's trust deficit by providing a standardized, decentralized infrastructure on the BNB chain for creating and verifying digital proofs (also known as "attestations").

CUDIS (CUDIS): A blockchain-powered health and longevity protocol within the healthtech and DePIN sectors. Through a "health is mining" model, users can earn token rewards by tracking their health data through smart wearable devices like the CUDIS Ring.

TAKE (The Giving Block): A peer-to-peer (P2P) gaming asset trading marketplace that connects Web2 and Web3. It aims to bring traditional gamer groups into the on-chain economy by partnering with established platforms like ItemBay and ItemMania.

OKZOO (AIOT): A decentralized AIoT (Artificial Intelligence Internet of Things) project that aims to address key issues with traditional environmental data monitoring, including insufficient coverage, delayed data updates, and difficulty verifying information authenticity.

Summarize:

By analyzing these projects, we seem to be able to get some ideas, such as the screening criteria for potential tracks, or a new understanding of Binance Alpha.

First, Binance Alpha's market feedback shows us that purely cultural or trending MEME tokens are no longer leading the market. Instead, they are being replaced by projects with practical uses or innovations. Perhaps Binance's listings are also intended to guide a healthy shift from MEME to practical value.

Regarding Binance Alpha (not limited to Binance, but also encompassing similar products launched by other exchanges), beyond the frequent airdrops and points-boosting, perhaps these lists should be used as a resource for project screening. Paying attention to the content of these listed projects may offer valuable insights for long-term investment or those looking to bet on future trends. After all, judging by their content and background, these projects generally demonstrate both innovation and strong backing. However, these projects are generally in their early stages and carry significant volatility risks.

Looking at the distribution of themes, we can see that there are a large number of AI projects and projects that integrate with reality, and there are also five projects centered around the Bitcoin ecosystem. This also reflects Binance's enthusiasm for betting on the upcoming hot sectors.

Finally, it's important to note that this research is primarily intended to provide insights, not investment advice. Information on these projects primarily comes from official disclosures, and market data is based on historical data. Furthermore, many of these projects have performed poorly in the market, and their specific circumstances and future developments require further research and analysis.