The landscape for new crypto listings is shifting as BNB Chain forges a strategic alliance with global digital asset exchange MEXC, aiming to significantly streamline the path to market for projects within its ecosystem.
Announced on April 9, this collaboration introduces key advantages for blockchain developers building on BNB Chain. Projects will benefit from an accelerated listing process on MEXC and receive priority evaluation for the MEXC Alpha Ranking, a feature highlighting promising early-stage ventures. Furthermore, the partnership simplifies entry onto MEXC’s widely used spot and futures trading markets.
To sweeten the deal, BNB Chain is leveraging its substantial $100 million Liquidity Incentive Program. Through this initiative, qualifying projects joining via the new partnership can receive financial backing up to $500,000 each, providing crucial support in their initial stages.
This move comes as BNB Smart Chain (BSC) demonstrates considerable growth. Data sourced from DeFiLlama indicates that monthly app revenue on BSC climbed from below $2 million in early 2022 to surpass $20 million by early 2024, reaching a peak of $21.64 million last month. The collaboration with MEXC is poised to amplify this trajectory. Faster listing potential and significant financial incentives are expected to draw more developer talent to the BSC platform, further enriching its ecosystem.
[BNB Chain partners with MEXC to accelerate project listings and fuel ecosystem growth – 1]
For MEXC, this alliance offers strategic benefits. The exchange gains early exposure to potentially high-growth tokens emerging from the BNB Chain, offering its reported 36 million users a valuable first-mover advantage on new assets. Enhanced listing activity naturally translates to greater trading volumes, directly bolstering MEXC’s market position. According to data aggregator Messari, MEXC Global currently stands as the 6th largest centralized exchange by 24-hour trading volume, processing approximately $4.22 billion.