1/4 'Binance Life Restart' Address Analysis Used Dune to dig into the first batch of BNB chain addresses for the restart airdrop, totaling 39,994 addresses: http://Four.meme Profit and loss distribution for these addresses: - Profit: 74.7% - Break-even: 1.1% - Loss: 24.2% As shown in the attached chart, the first small-scale wealth effect on the BNB chain occurred between May and June, while the second large-scale wealth effect happened between September and before October 10. Conclusion: 1️⃣ It’s undeniable that Binance has successfully extended its asset pricing power from CEX to on-chain. Between September and October, Binance leveraged the Aster airdrop and Chinese memes to create two waves of large-scale wealth effects, completely hijacking the Uptober narrative. Originally, Solana and Base ecosystems were gearing up for a big Uptober push, but their plans largely fell through. Solana only had metadao, and Base only had http://Cookie.fun as minor launchpads with some wealth effects. 2️⃣ Violent delights have violent ends. After the major settlement on October 11, the PnL party abruptly ended. Binance abandoned its platform neutrality and aggressively pursued an on-chain "land grab," which provoked direct confrontations with competitors like OKX, Base chain, and http://(Crypto.com). This also triggered survival anxiety for the Solana chain. 3️⃣ Talk is Cheap. After the CT narrative battle, whoever can generate greater wealth effects will win this cyber "land grab" competition. Looking ahead, each competitor’s strategy is clear: Binance focuses on operations, OKX on products, Solana on technology, and Base on policy. Which approach do you think will come out on top? That’s all.