Binance Wallet Surpasses $12.5 Billion in Daily Volume With Alpha Earn Hub Launch

Binance Wallet has launched its Alpha Earn Hub, a new platform designed to reward users who provide liquidity to Alpha token pools. This initiative offers users an annual interest rate generated from the trading fees of these pools, providing an incentive for users to engage with the platform.

The launch of the Alpha Earn Hub coincides with a significant milestone for Binance Wallet, which has surpassed $12.5 billion in daily on-chain volume. This record high is attributed to the increased activity around Binance Alpha, a platform that facilitates token launches and airdrops.

Winson Liu, the Global Lead of Binance Wallet, commented on the achievement, stating that the new all-time high in daily on-chain trading volume reflects the growing demand from users actively engaging with Binance Alpha on Binance Wallet.

In addition to the liquidity rewards, users who manage positions on the decentralized exchange PancakeSwap through the Binance Alpha Earn Hub will also earn points. These points can be used to increase the allocation of newly-issued tokens and will eventually be converted into token airdrops, further incentivizing user participation.

This development underscores Binance Wallet's commitment to fostering a vibrant and active user community by providing innovative financial products and services. The Alpha Earn Hub is expected to attract more users to the platform, driving further growth and engagement.