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By Oliver Knight|Edited by Parikshit Mishra
Jun 11, 2025, 12:00 p.m.
- Binance Wallet launched the Binance Alpha Earn Hub, rewarding users who provide liquidity on Alpha token pools with annual interest from trading fees.
- Binance Wallet hit a record $12.5 billion in daily on-chain volume, driven by increased activity on Binance Alpha, its token launch and airdrop platform.
- Liquidity providers also earn points for managing positions on PancakeSwap via the hub, which can boost token allocations and convert into airdrops.
Binance Wallet rolled out its Binance Alpha Earn Hub on Wednesday. The hub will reward users that provide liquidity on Alpha token token pools, offering a form of annual interest generated by trading fees generated from these pools.
The introduction of the hub comes as Binance Wallet surpassed $12.5 billion in daily on-chain volume, a record high spurred by increased activity around Binance Alpha, a platform that which hosts token launches and airdrops.
STORY CONTINUES BELOW
“Reaching a new all-time high of $12.5 billion in daily on-chain trading volume reflects the growing demand from users actively engaging with Binance Alpha on Binance Wallet,” said Winson Liu, Global Lead of Binance Wallet.
The recent release also means that liquidity providers will also earn points for managing positions on decentralized exchange PancakeSwap, which accessed via the Binance Alpha Earn Hub.
Points can be used to increase allocation of newly-issued tokens and will all eventually be converted into token airdrops.
Oliver Knight is the co-leader of CoinDesk data tokens and data team. Before joining CoinDesk in 2022 Oliver spent three years as the chief reporter at Coin Rivet. He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK. He does not currently have any crypto holdings.
