On August 4, 2025, Binance Alpha unveiled the Cycle Network (CYC) token, providing Web3 users with a new protocol for cross-chain settlements without bridges.
Launch of Cycle Network (CYC)
Binance Alpha officially introduced the Cycle Network (CYC) token on August 4, 2025. This launch features the first of its kind all-chain settlement protocol, illustrating Binance's ongoing influence in the crypto space. The token was incubated by Yzi Labs with backing from Vertex Ventures.
Airdrop Strategy and Details
The airdrop strategy requiring 200 Alpha Points aims to increase community engagement and trading activity. However, details regarding funding remain undisclosed.
Market After Launch
$CYC experienced a 1147% surge in volume shortly after listing, reaching a price of $8.56. It is anticipated that the launch will not have a direct impact on BTC, ETH, or DeFi, although an increase in liquidity is expected.
The launch of Cycle Network by Binance Alpha marks a significant milestone in the cryptocurrency market, presenting potential for increased user engagement and trading dynamics.
