Original | Odaily Planet Daily ( @OdailyChina )
Author｜Nan Zhi ( @Assassin_Malvo )
Tonight, BNB started to pull up the price violently, rising from the lowest point of 622 USDT to the highest point of 779 USDT, with a 24-hour increase of 25%. In addition to BNB, BNB ecological tokens also rose across the board, with CAKE rising 29%, LISTA rising 13%, and BNX rising 12% in 24 hours.
Pancake also launched a Pump-like platform this afternoon, and the leading token CAKEDOG launched on the platform also saw its market value rise to as high as US$7 million in a short period of time, and is now trading at US$3.3 million.
CZ has also been speaking out recently. Combined with CZ’s hint about the altcoin season yesterday, the BNB Chain ecosystem may recreate the grand occasion of the last bull market.
What is BNB Chain doing?
The rise of BNB Chain can be traced back to the beginning of 2021, when Ethereum completed the construction of DeFi gameplay and infrastructure, but because of Ethereums inherent capacity problems, it gradually became a noble chain. Ordinary users could hardly afford the high Gas, and the demand for Ethereum alternatives was increasing.
BNB Chain happened to receive the overflow traffic of Ethereum. Its relatively low gas fees, support for rapid project migration, and EVM compatibility promoted its rapid development, and it successfully seized the core growth point of chain games that year.
Over the past three years, BNB Chain has continued to improve the underlying infrastructure and support the development of ecological projects. Until recently, BNB Chain has once again made efforts to compete in the public chain market and compete with other Layer 1s.
First of all, in terms of infrastructure, BNB Chain ecosystem DEX Pancake launched the MEV protection function MEV Guard last week. This function can be enabled using the dedicated RPC launched by Pancake and 48 Club.
In terms of operations, since Another Dimension took over BNB Chain, the frequency of Space opening has increased significantly, and it has begun to reach out to users and ecosystem developers.
In terms of RD, we can also see Fork products such as four.meme developed by BinaryX, SpringBoard, a Pump-like platform developed by Pancake, and innovative platforms such as Aspecta supported by Binance Labs, which demonstrate the enthusiasm of BNB Chain ecosystem projects to innovate and catch up with popular narratives.
The wealth-creating effect can attract retention
When four.meme was launched, the leading token based on the platform, binancedog, rose to a market value of 15 million US dollars overnight, but then continued to fall all the way to zero.
Looking back at the various chains and projects that attracted users through Pump imitations, most of them died in one day, but SunPump lasted for a long time. Why? Because SunPump has been continuously followed by multiple leading tokens such as Sundog and Sunwukong, and the user retention rate is high, which is also the outstanding feature of Pump.fun itself.
In the current era of meme, it is difficult to reverse the situation without the wealth-creating effect. Today, BNB Chain is embracing a positive new trend, but whether it can return to its peak remains to be seen.
