Binance Alpha Launches Cycle Network with $400M TVL
- Binance Alpha launches CYC with $400M TVL backing by Vertex Ventures.
- Airdrop eligibility requires 200 Alpha Points, promoting user engagement.
- Market volatility and engagement spikes anticipated post-launch.
Binance Alpha launched the Cycle Network (CYC) token on August 4, 2025, offering the first all-chain settlement and bridgeless liquidity protocol for Web3 users.
The launch signifies Binance’s ongoing influence in the crypto space, drawing institutional interest and facilitating substantial market liquidity expansion.
Binance Alpha officially introduced the Cycle Network (CYC) on August 4, 2025. The launch features the first all-chain settlement protocol, enhanced by significant community incentives and institutional support.
Yzi Labs incubated Cycle Network with backing from Vertex Ventures. Binance Alpha hosted the primary listing, without direct leadership or CEO statements.
$CYC’s introduction saw over $400 million in TVL, secured by Symbiotic’s framework, and enabling cross-chain settlements across multiple blockchains.
The airdrop strategy, requiring 200 Alpha Points, is designed to enhance community participation and trading activity, although funding specifics remain undisclosed.
With $8.56 on listing, $CYC experienced a 1147% volume surge, driven by official trading data. “Get ready Binance Alpha will be the first platform to feature Cycle Network (CYC) on August 4th. Eligible users can claim their airdrop using Binance Alpha Points on the Alpha Events page once trading opens. Further details will be announced soon. Please stay tuned to…” Binance Alpha Announcement. This movement reflects typical patterns seen in recent Binance listings.
No direct impact on BTC, ETH, or DeFi reported, although liquidity increases are expected. Historical launch patterns suggest variable engagement spikes for governance and DeFi tokens.
