The Battle of the Five Major Exchange Platform Tokens: Who Will Be the Dark Horse This Round?
Recently, major exchanges have been active, first with OKX strongly boosting $OKB, followed by Bitget designating $BGB as the token for the Morph public chain.
Why are exchanges focusing on platform tokens recently?
On one hand, the loosening of U.S. regulatory policies has prompted platforms to seize the window of opportunity, accelerating the empowerment of platform tokens and paving the way for future development;
On the other hand, under the trend of integration between cryptocurrencies and stocks, exchange platform tokens, as scarce tangible supporting assets in the crypto space, are being reassessed by the market.
The following analyzes the competitive landscape of the five major exchange platform tokens to comprehensively grasp the overall situation.
1️⃣ Binance's $BNB#
Binance empowered BNB early on, with the broadest range of application scenarios.
From Launchpad/Launchpool new listings to wallet Alpha new listings, and then to BSC chain gas fees, BNB carries the value accumulation and liquidity of Binance's multiple business lines.
As a result, BNB's market capitalization has surpassed 100 billion, firmly ranking in the top three of the blockchain industry.
In the future, Binance will continue to delve into on-chain and asset issuance frontiers, with BNB serving as a key tool to play a core connecting role.
2️⃣ OKX's $OKB#
The OKX exchange and wallet business need to be viewed separately.
While the exchange business is foundational, it has long been suppressed by Binance, with frequent community doubts about listing issues.
However, OKX has taken a different path, laying out on-chain business in advance, with its Web3 wallet leading the industry and occupying a traffic entry point.
Unfortunately, the public chain ecosystem is weak, far inferior to BSC, resulting in insufficient empowerment of $OKB and a lack of the wealth effect seen with $BNB.
To address this, OKX has recently strongly boosted $OKB to activate the X Layer public chain ecosystem.
Currently, multiple hot projects have emerged in the X Layer ecosystem.
In the long run, $OKB is crucial to OKX's strategic position, with potential still remaining.
3️⃣ Bitget's $BGB#
Bitget continues to integrate its ecosystem, first merging Bitget Wallet's $BWB into $BGB, and now designating $BGB as the token for the Morph public chain.
Bitget is similar to OKX: it has a strong wallet business and has achieved a leap by acquiring Bitkeep; however, it has shortcomings in public chain business.
Previously, support for the Morph public chain was unsuccessful, and now it is personally involved, linking the exchange, wallet, and public chain business with $BGB.
Overall, as a strong exchange, Bitget's $BGB has already been boosted, with frequent positive news, making it a strong participant in this round of competition.
4️⃣ Bybit's $MNT#
Bybit does not have an official platform token; $MNT is the token supporting its public chain Mantle.
The two have a deep connection:
In 2021, Bybit established BitDAO amid the DAO craze, aiming to build a crypto treasury and inject hundreds of millions of dollars.
The native token of BitDAO is BIT, and Bybit holds a large amount of BIT.
This move aims to avoid the compliance risks of centralized platform tokens but has led to difficulties in business integration and weakened competitiveness.
In 2023, BitDAO transformed into Mantle Network, with BIT converted to MNT tokens at a 1:1 ratio.
Now, the Mantle chain is quiet, and the price of $MNT is sluggish.
In summary, Bybit's platform token is the weakest among top exchanges, but there may be future actions, representing a value pit.
5️⃣ Gate's $GT#
There is controversy over whether Gate ranks in the top five, as the so-called top five usually includes ten exchanges.
However, in this round, Gate has performed strongly, with high community engagement and contract trading volume ranking in the top five.
Compared to OKX and Bitget, its on-chain business is not prominent, but its strength is solid: its own public chain GateChain continues to develop, and Gate Wallet is steadily advancing.
In terms of platform token application direction, top exchanges integrate multiple business lines to empower platform tokens, achieving deflation through token burns to boost prices and activate public chain ecosystems.
Except for Binance, the public chain ecosystems of other exchanges are lacking but are making efforts to improve:
OKX is the strongest, empowering X Layer;
Bitget follows, integrating Morph;
Bybit has Mantle but performs blandly;
Gate's public chain and wallet business have no standout achievements.
In terms of platform token market capitalization, Binance's BNB stands alone above 100 billion, while the others are around 5 billion, indicating significant growth potential.
Who will break through the 10 billion market capitalization this round?
Limited-time Benefits — New Users Register to Receive a Guaranteed 20+ U Bitcoin Blind Box 🎁#
🎁 Register on mainstream exchanges like OKX, Binance, Huobi, Bitget, Bybit, Gate, Backpack, etc., and collect all mainstream exchanges' latest anti-loss domain names on one webpage 👉🏻: https://vlink.cc
🔥 Solving the Issue of Accessing OKX, Binance, Huobi, and Other Exchanges from Mainland China#
Most exchanges' original domain names are either restricted or have access delays due to overseas servers. Users often misjudge this as platform failures, but it is actually due to the network environment. Therefore, OKX, Binance, and others regularly update backup domain names to ensure official website accessibility.
Can't open the link? Try other domestic mirror lines! 👉🏻 OKX Domestic Backup Domain Line Without VPN or Proxy
-
- OKX Backup Domain Overseas OKX - Requires VPN or Backup Link
-
- Binance Backup Domain Binance
-
- Bitget Backup Domain Bitget
-
- Bybit Backup Domain Bybit/Bybitglobal
-
- Huobi HTX Backup Domain Huobi (Huobi/HTX)
-
- Gate Backup Domain Gate.io (Open Sesame)
🔥 Related Reading#
2025 China's Top Ten Virtual Currency Trading Platforms Latest Ranking is Out 🔥【Worth Collecting】
🔥 Useful Tools for Alpha Finding#
1️⃣ Axiom Dog-Charging Tool https://axiom.trade
2️⃣ Gmgn Dog-Charging Tool https://gmgn.ai
3️⃣ dbot Dog-Charging Tool https://app.debot.ai
4️⃣ Morelogin Multi-Account Fingerprint Browser www.morelogin.com
Everyone is Searching For#
Platform token purchase, OKB purchase, BNB purchase, buying Bitcoin in mainland, OKX registration, Binance registration, Bitcoin purchase, Bitcoin crash, loan for stock trading, loan for cryptocurrency trading, stock trading principles, Bitcoin, President Coin, Tony quotes, crypto expert Tony, Trump Coin, buying Bitcoin in mainland, cryptocurrency trading exchanges, OKX download registration, domestic OKX recharge, Binance App registration, Binance App download, Binance platform coin purchase tutorial, Binance registration, Binance airdrop registration, Binance Apple download, how to buy President Coin, how to buy Dogecoin, buying Bitcoin with RMB, how to download OKX, web3 airdrop, web3 zero airdrop, Bitget mainland download registration, OKX passport registration, OKX download, Binance download, cryptocurrency side business, OKX contracts, how to recharge RMB in OKX, how to recharge in OKX, how to create an NFT wallet, how to recharge RMB in Huobi, cryptocurrency beginner tutorial, btc8848.com, Tony's contract trading principles, contract leverage bit wave, Defi mining, cryptocurrency airdrop, can cryptocurrency airdrops still be played, what to do if a contract is liquidated, how to buy President Coin on OKX and Binance, how to buy Ethereum on OKX and Binance, how to play Defi staking mining, can NFTs still be played, how to play web3 airdrop, how to do inscriptions, how to do runes, cryptocurrency beginner's guide, how to trade cryptocurrencies, can you make money trading cryptocurrencies, cryptocurrency beginner tutorial btc8848.com, can you make money trading cryptocurrencies, what is contract leverage, Defi mining, how to play cryptocurrency airdrop, OKX Binance airdrop, node staking, liquidation, financial freedom, night investment heiyetouzi.xyz