The Battle of the Five Major Exchange Platform Tokens: Who Will Be the Dark Horse This Round?
Recently, major exchanges have been making continuous moves, 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 real 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 for new tokens to wallet Alpha for new tokens, 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 among the top three in the blockchain industry.
In the future, Binance will continue to deepen its involvement in on-chain and asset issuance frontiers, with BNB playing a core connecting role as a key tool.
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, leading to frequent community doubts about listing issues.
However, OKX has taken a different approach, 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, and its potential remains.
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 through the acquisition of Bitkeep; however, it has shortcomings in public chain business.
Previously, it supported the Morph public chain without success, and is now personally involved, linking the exchange, wallet, and public chain business with $BGB.
Overall, as a strong exchange, Bitget has already seen $BGB rise, 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, weakening competitiveness.
In 2023, BitDAO transformed into Mantle Network, with BIT converted to MNT tokens at a 1:1 ratio.
Currently, 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 low point.
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 among 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 are integrating 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, showing significant growth potential.
Who will break through 10 billion in market capitalization this round?
Limited-Time Benefit — New Users Register to Receive a Minimum of 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 in Mainland China#
Most exchanges' original domain names are either restricted or have access delays due to overseas servers. Users often misjudge this as platform failure, but it is actually due to the network environment. Therefore, OKX, Binance, and others regularly update backup domain names to ensure the official website is accessible.
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/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】
🔥 Alpha Finds Useful Tools#
1️⃣ Axiom Dog Rush Tool https://axiom.trade
2️⃣ Gmgn Dog Rush Tool https://gmgn.ai
3️⃣ dbot Dog Rush 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 China, OKX registration, Binance registration, Bitcoin purchase, Bitcoin crash, loan for stock trading, loan for crypto trading, stock trading mindset, Bitcoin, President Coin, Tony quotes, crypto expert Tony, Trump Coin, buying Bitcoin domestically, 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 iPhone 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, crypto trading side job, OKX contracts, how to recharge RMB on OKX, how to recharge on OKX, how to set up an NFT wallet, how to recharge RMB on Huobi, beginner's guide to crypto trading, btc8848.com, Tony's contract trading mindset, contract leverage bit wave, DeFi mining, crypto airdrop, can crypto 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 mine inscriptions, how to mine runes, crypto beginner's guide, how to trade cryptocurrencies, can trading cryptocurrencies make money, crypto beginner tutorial btc8848.com, can trading cryptocurrencies make money, what is contract leverage, DeFi mining, how to play crypto airdrop, OKX Binance airdrop, node staking, liquidation, financial freedom, night investment heiyetouzi.xyz