Wave removed from Binance

I remember when Wave was one of the popular coins in the crypto world, but now it seems like nobody talks about it anymore. I just found out that Binance has delisted it, which honestly surprised me. What could be the reason for this? Is it that they weren't hitting trading targets, or maybe they just didn't have enough trading volume? Or are people moving their funds to more stable coins? I used to like using Wave for withdrawals because it was way cheaper compared to other options, but now that I've found alternatives, it doesn't feel the same.

Wave was delisted on binance the 17th June 2024, not a new thing, and that delisting effected waves visibility, this is what happens when major exchanges delist a coin it effect the coin trading visibility and that the reason why Wave despite being accepted and used because of the cheap fees and faster transactions,, being delisted on binance since 2024 greatly kept the Wave project under net the public radar.

If i had to guess it's the trading volume over a certain period of time more than anything else (which usually reflect user's interest). It's also why you might see exchanges list some stupid memecoins, and not certain utility coins for the simple reason that the former has hype and will generate them revenue while the second one might be just extra work for them, to both add and to maintain.

Thank you for explaining and of course it was actually a thing of concern to me that a popular coin like wave was actually delisted from Binance. Does it mean that they wouldn’t also get listed on other exchanges due to they low performance in terms of meeting the required trading volume? Maybe as I know all exchanges has their requirements which these coin listed on their platform must be meeting in other to remain tradable on their platform?

By removing it from Binance, demand for it will decrease, and developers will lose interest in the currency, at which point it may turn into one of those worthless projects. Continuing to list crypto costs a lot of resources, and if they do not generate enough profit, they will inevitably be removed.

@Perfectbaby yeah no shit sherlock this is how the game works seen this happen a hundred times since 2015 exchanges aren't charities you know they need trading volume they need fees to justify listing if a project stops bringing that in its dead weight developers will jump ship to the next shiny thing nobody builds for free on a delisted ghost chain waves was just another one in the graveyard

Tbh an exchange used to delist a coin because the demand for it has decreased (i.e. the trading volumes), hence the exchange no longer earns as expected off it. (The privacy coins are an exception). However, as @Odusko said, Waves got delisted in Jun 2024, OP's reaction... comes somewhat late... On the other hand... Waves has a pretty interesting ecosystem with a lot of tokens built on it, so one could dream it'll last forever. From what I've read, Waves is not dead and it's still traded here and there, but I guess that the hype is long gone. I remember that at some point it started getting filled with 0-value garbage and scam tokens. Shortly afterwards I've also sold my waves coins, so I no longer know closely about its fate. OP, there are soooooo many coins with cheap withdrawal fees, you can easily find another one instead of Waves, if that's the reason you care about it....

One of the many reason why one should focus more on the taught of holding on to Bitcoin and maybe an altcoins project with good research insights because a whole lot of them out there are just going to worthless.

They’re basically done. This was one of the altcoins I remember being popular back in the day, even running alongside Ethereum if I recall correctly. It’s just sad that Sasha wasn’t able to turn this into something successful, especially considering it was one of the early altcoins. I actually invested in this before, and now it’s just sitting in my wallet because the value is too low to even bother with. I honestly expected at least a decent run, maybe something like a 100x minimum, but that never happened.

I don't really know the reason why Binance is found of delisting cryptocurrency projects on their platform making investors to be left in big surprise on what could have happened to result in the delisting. I don't really know much about this Wave token but I think I must have heard about it when it was trending. Binance has their own task for each projects that is launching on their platform and when they could no long continue to meet up with the standard or task they need to reach, that may result in delisting of any crypto projects that do not meet their standard.

Binance casually delists all of those coins that are no longer adding value in their business. I remember the old days when waves was popular back then and it's one of the projects that have been discussed on the forum. But time passes by, new projects have emerged with better use case and smart contracts. And that's why for projects like this, volume had decreased and that gave Binance a reason to delist it and make room for another projects to be listed on their trading site. This is just a usual business decision that they have to do.

Don't worry there are still plenty of good exchange listing it such as bybit and the 2% depth isn't that bad. Binance routinely delist coins they deemed didn't live up to the trading volume requirement to reserve space for new coins. It's to be expected since they keep listing coin like there's no tomorrow. But honestly man, as long as there are still some exchanges out there, not getting listed in binance isn't a big deal at all. XMR literally delisted from binance yet it's alive and well, even better than ever.

Waves delisted by Binance a few years ago. At that time waves had no demand, and it's mostly used for PumpnDump only. Beside that the team of waves admitted involved in the scandal that stole a lot of money from their users. The project was called USDN, an algorithmic stable coin used waves to back its value. Other than it Waves was also creating a ponzi called -vires finance, which was being discovered. Even Alameda sued Waves team caused by that. That's why Binance decided to delist it as there were so many criminal cases involved the team. So they have done it right by prevent their users to buy by delisted it. However, you shall not feel worry by missing waves caused by there is L2 that cost you less than 1 cent for each tx.

I guess that's crypto for us, there is no such thing as a crypto that might be forever being supported by the community. As we all know that there are a lot of crypto being born every year and so I guess those old who can't cope with the current onslaught of new project that is better will have to suffer. Just like in the previous bull runs, there are coins that are well known in 2017 that died along the way. Then in 2021 and so forth. Even the hype during the pandemic of play to earn like Axie Infinity has died down already. As far as I know, if there are no updates on the project itself, there is a high chance that it would be delisted.

Well don't feel bad about the delisting happen since somehow this is going to happen especially when the coin didn't manage to get enough supporters, demand and volume. What I don't like about Waves before is, there are lots of scam tokens since its so easy to create new token on waves blockchain. Now it seems that many people are not paying attention with their coin and chain due to its past issues which make people lose their trust in this coin. So maybe we could see this coin slowly dying and loss its value especially that no people is talking about their latest update and other important situations.

This is to tell you that you can’t rely completely on centralized system, and also centralized coins like wave on question, you can never completely trust any exchange with your money, what if they left? Isn’t this a big lesson for us to be careful with leaving our valuable assets like Bitcoin and others in a centralized exchange, or you can’t also trust any project to stake some amount for them even though some people are making money through staking, some people are losing their money because some projects are not straightforward.

Binance is a top exchange, hence they have a stricter requirements when it comes to listing and delisting. They are listing coins like there is no tomorrow because like I said earlier they are a top exchange, so they are always sought after by many projects. Given that Binance is a top exchange, it may still have certain advantage over the others like high liquidity or there is some discounts when we do trading at them, and so on.. but I guess what is more important for now is that we can still trade our coin on other exchanges. And just like what happened on XMR, they might gain their spotlight again for some reasons, and they may get considered to be listed again on Binance.

Nothing to compare between waves and xmr because monero xmr is a privacy coin that is subject to accountability if willing to list it like did many exchange platforms. Remember that many platforms delisted litecoin new version with mimblewimble protocol integration in the same wave of fighting privacy coins. As foe wave, I think the delist decision was because lack of trading volume caused by lack of trading activities with wave, also caused by lack of interest. Community lost interest in wave because of many networks lunched to create decentralized apps. Waves was among the fewest networks available to build and lunch smart-contracts to the blockchain.

This is such a sad news for Wave which was one of the project that was doing well. It was a popular blockchain then and many tokens were minted in it, I don't really know what went wrong with them that things got this bad with that fine project. Maybe they have failed on the aspect of practical application and adoption, and there are so many competition which they failed to adapt and adjust to follow the trend.

Wave is old and so the capacity to carry out any infrastructure and innovation beyond the old isn't there, the same thing EOS struggle too untill they loss their strength and start fading away. Crypto needs you to be building the latest innovations into the old pattern to meet up the demand and supply of a coin.