币界网报道：Binance Alpha platform has recently seen a sharp decline in user activity due to the flash crash of $ZKJ and $KOGE. Data shows that the number of trading users dropped sharply from 233,000 on June 12 to 195,000 on the 15th, with only 70,000 active users left. After the platform adjusted its rules, transactions between tokens were no longer counted in points, and the point-swiping arbitrage strategy became invalid, resulting in a sharp drop in user returns. Taking the VELO project as an example, the expected return on a $1,000 principal in 30 days is only $104. Most users reported that the early returns were high, but the losses intensified due to fierce competition in the later period, and some of them suffered serious losses due to misjudgment of information. The platform is turning to an incentive mechanism that focuses on real interaction, and the acquisition of points will rely more on the length of holding and the depth of interaction. Experts suggest that users pay attention to the pool structure and token fundamentals to prevent systemic risks.