From the operations and listing strategies of Binance and Coinbase, it can be observed that they place greater emphasis on their own chains - that is, creating exclusive assets on their own networks. The TST of BNB Chain and the recently popular Mubarak, as well as the recent support or addition of DOGINME and KAITO to Coinbase's roadmap, are all exclusive to Base. On the chain is the predecessor of CEX. Binance's infrastructure construction on the chain is criticized, but it is more important to address the pain point of high points when it comes to on site launch. Placing BNB Chain as the first link in Binance user trading and creating exclusive assets on its own chain to create wealth has become a strategic mainline. The significance of this for various public chains and Layer2 networks is to operate the network as a CEX style, allowing a wider range of CEX to access their own network for charging and withdrawal, and then creating exclusive assets and wealth effects on their own network, which is a good strategy for competition.