Blurring the Lines Between CEX and DEX

Although Binance Alpha 2.0 went live on the 18th of this month, I didn't update my experience right away because I have had no interest in trading MemeCoins

input:

Source: Talking About Li and Outside

Although Binance Alpha 2.0 went live on the 18th of this month, I didn't update my experience right away because I have had no interest in trading MemeCoins recently. However, a couple of days ago (March 24), after updating the app, I casually bought a small amount of a coin in the Alpha zone to try it out, and the operation was indeed very smooth, essentially allowing direct purchase of DEX tokens within Binance (CEX).

Perhaps because the operation was too smooth, the coin I bought lost almost 30% in less than a day, but since it was a small test, I won't take this loss seriously. What I mainly want to say here is that from a developmental perspective, Binance Alpha seems to completely blur the lines between CEX and DEX, while also allowing some on-chain tokens to directly gain liquidity from Binance, enabling ordinary users (newbies) to easily acquire some on-chain assets without having to consider slippage, GAS, bridging, and other issues. This is indeed a form of progress.

1. The Turning Point in the CEX and DEX War

Since the launch of Binance Alpha 2.0, which has only been about a week, its trading volume has approached 94,900 transactions, with a trading volume exceeding $113 million. In the current overall gloomy market sentiment, it can be said that it has performed quite well, as shown in the figure below.

Many people were previously discussing the future war between CEX and DEX, but from this, we can easily foresee that perhaps in the future, there will no longer be a so-called competition between CEX and DEX, but rather, whoever can seamlessly integrate the two will become the ultimate winner.

Of course, we are only looking at the issue from a developmental perspective. If you look at it solely from the current liquidity perspective, you could also argue that Binance is just thinking of ways to squeeze the market dry.

2. Market Uncertainty and Opportunities

As we mentioned in the previous article (March 24), apart from the hot topics created by CZ (MemeCoins, wallet new listing activities) that some people are actively participating in, it seems that the market has fallen into a kind of persistent silence, as everyone seems to be waiting for a bigger black swan or a more significant positive news (such as a Federal Reserve rate cut, changes in Trump's tariff policy, etc.).

However, at the same time, there is an interesting point that many projects (token prices) have actually been slowly rising since around March 15. We can easily see this by looking at the corresponding daily trends. For example, Pendle, which I am following, has risen about 50% in the past two weeks (from $1.9 to $2.9), but not many people are discussing it.

A few days ago, while browsing group messages, I also noticed someone mentioned this issue, saying: "I found that the bottoms of altcoins are rising again." As shown in the figure below.

Of course, what I want to express here is not that a big wave is coming back or that the so-called altcoin season is approaching. Discussing whether a bull market or altcoin season is coming will often lead to criticism and could be misleading. What I mainly want to convey is a thought process: if you are still paying attention to this market, then whether in the short term, medium term, or long term, you need to find your own perspective to conduct necessary in-depth understanding. This way, you will have a greater chance of discovering potential opportunities that others might miss, and such opportunities often arise when most people are pessimistic or desperate. Conversely, when most people can see opportunities, or when everyone is vying for such opportunities, you should consider exiting.

Let me give you another simple example. For instance, you can recall or look at your study notes or trading notes. What were you doing in September last year (2024)? What different aspects of the market were you paying attention to? What specific actions did you take at that time?

If you can't remember anything, it might be worth reviewing our series of articles from the same period last year and reading them again. You might gain some new insights. As shown in the figure below.

In summary, it is still the viewpoint from our previous articles: there will always be various opportunities in this market. We shouldn't get too caught up in the so-called bull or bear markets. A bull market does not mean you will definitely make money, and a bear market does not mean you will definitely lose money. The market essentially consists of three structures (upward, downward, sideways). We just need to align with our risk preferences, grasp the rhythm of different periods, and find our own opportunities.

Every investor hopes to make money, but