The popularity of Binance Life's project is indeed not surprising. Looking back at the Chinese testing phase about 1.2 months ago, it was already possible to roughly predict that there would be so many people paying attention after its launch.

However, in terms of actual performance, the spot trading hasn't been as explosive as expected after going live. This has led other leading exchanges to adopt a wait-and-see attitude, and some big players are also not rushing to get involved. The reason is quite straightforward—projects like Chinese coins have few precedents in the crypto market, so everyone is unsure of the rhythm.

From another perspective, just hearing the name of this project, you can guess how complicated it would be to launch spot trading for it on other platforms. The launch itself isn't that complex, but with the market hype so high and neighboring platforms rushing to list first, competition has become very fierce. How to put it, after this wave of market activity, everyone is betting on who can seize the opportunity faster.