#Solana In the explosion of Meme Coin, it has become an important driving force for growth in public chain ecosystems. Solana has benefited immensely in terms of user activity, trading volume, TVL, and ecosystem expansion. So, if BSC (BNB Chain) also experiences an explosion in the Meme track, it could have a similarly positive impact on the BSC ecosystem.
1. The re-gathering of funds and users, enhancing on-chain activity.
Solana's experience: Solana welcomed a large number of user returns through the Meme track, driving a surge in DEX trading volume, growth in on-chain active addresses, and a rebound in network TVL.
#BSC The potential of BSC: As part of the Binance ecosystem, BSC has always been a retail-friendly public chain. Due to BSC's past accumulation of a large number of users in DeFi and GameFi, the explosion of the Meme track can prompt these users to return, enhancing on-chain trading volume and activity.
2. Promoting the development of the on-chain DeFi ecosystem.
Solana's experience: The rise of the Meme track has led to explosive growth for DEXs in the Solana ecosystem (such as Raydium, Jupiter), and has invigorated DeFi activities like lending and LP liquidity mining.
#BSC The potential of BSC: If the BSC Meme ecosystem explodes, DEXs like PancakeSwap may see higher trading volumes, reviving DeFi projects in the BSC ecosystem. Additionally, the wealth effect of the Meme track could encourage users to engage more in lending, leveraged trading, and other DeFi products, indirectly enhancing the overall economic vitality of the BSC chain.
Strengthening BNB narrative and on-chain liquidity
Solana's experience: The popularity of Meme Coins has benefited the SOL token, increasing market demand and on-chain use cases for SOL, while also promoting Solana's Layer2 narrative.
Potential of BSC: If the Meme track on BSC can succeed, BNB may benefit and gain more trading demand. Furthermore, the Meme track can enhance BNB Chain's position in the competitive landscape of new public chains, increasing its TVL and user stickiness.
The strong backing of the Binance ecosystem may have a more far-reaching impact than Solana.
Solana's experience: The Meme explosion on Solana mainly relied on low gas fees, smooth trading experiences, and community support, while lacking a direct CEX support system.
Potential of BSC: BSC has the exchange resources of Binance, and the growth of the Meme Coin track may happen faster than in Solana because Binance can provide direct liquidity support, allowing Meme projects to quickly land on CEXs and speed up market expansion. Additionally, Binance can also promote the compliance process of the BSC Meme track, reducing the negative effects of bubble bursts.
Key catalysts needed for BSC Meme
If BSC aims to replicate or even surpass Solana's Meme track, several key factors are needed:
1. The emergence of representative Meme projects: A benchmark project is needed to drive market sentiment.
2. Strong community consensus: The BSC community needs to be activated, allowing Meme culture to permeate, rather than just being a funding speculation.
3. Low-threshold trading experience: BSC needs to optimize gas fees and trading experiences to ensure smooth Meme trading and reduce user losses to other public chains.
4. CEX promotion: If Binance timely supports certain BSC Meme projects, it will accelerate liquidity explosion and lead to faster growth of the BSC Meme ecosystem.
Summary: BSC MEME could become an important catalyst for the revival of BNB Chain.
The funding effect of the Meme track can drive on-chain trading volume and user growth.
Promote the recovery of infrastructure such as DeFi and DEX in the BSC ecosystem.
Strengthen the BNB narrative, allowing BSC to maintain vitality in public chain competition.
Leveraging the resources of the Binance ecosystem may lead to a faster formation of a Meme ecosystem compared to Solana.
If BSC can rise through the Meme track, it may drive BNB Chain into a new growth cycle, similar to what Solana experienced in 2023-2024.
Do you think BSC can replicate Solana's success?