#Binance Alpha计划# Seeing the news that Hyperliquid has launched AVNT and STBL Futures Trading reminds me of the grandeur of the Binance Alpha program back in the day. At that time, every new launched contract would stir up a wave of excitement in the market. I remember one project that pumped 300% right after its launch, only to fall back to square one the next day. Such dramatic ups and downs are now quite rare.

The current market seems to be more rational, and new projects often only cause slight fluctuations. This may reflect the maturity of the entire industry. However, I always feel that beneath the overly calm surface, there may be hidden turbulence. After all, history always repeats itself in different ways.

Looking back at past cycles, there has always been a period of calm before each major bull market. Is this current state the calm before the storm? However, staying vigilant is always a good idea. After all, in this industry, past glory does not guarantee future success; the lessons learned from failures are the most valuable assets.