In response to the problem that Binance's recent listing frequency is too fast, and large-scale VC projects are sent to the market in batches, resulting in market liquidity that cannot be carried, Binance co-founder He Yi responded that the currency circle is a free market, and the liquidity and trading volume of each trading platform are shared. Even if Binance does not enter new projects, these projects still exist, and funds will be diverted to the entire industry. In addition to the unlocking of VC projects, Meme coin, local dogs on the chain, hair, and capital plates will be diverted. After the ETF is approved, traditional financial marekt will also divert funds directly to the currency circle. She pointed out that some VCs do lead to inflated prices, but VCs generally have a seven-year lock-up period, usually one year after the TGE, so many VCs are also closing down. Projects that receive large financing have more opportunities to survive the bubble cycle, but the currency price and governance model are determined by the project party and require in-depth analysis. He Yi also mentioned that the rise of Defi has increased market liquidity and freedom, making it more difficult for CEX to formulate rules, which is the charm of the free market in the cryptocurrency circle. She reminds everyone to study for themselves (DYOR).