Hi friends! Recently, the wind direction in the crypto circle has changed a bit. Have you noticed that the once-booming Solana (SOL) on-chain gameplay seems to be cooling down gradually, while Binance Smart Chain (BSC) has suddenly become the new darling? Today I will talk to you about why on-chain opportunities are shifting from Solana to BSC, combined with several major events and trends, to show you the logic behind it!
1. Bybit was hacked for 100 million funds and traded on OKX DEX:
There has been big news in the crypto circle recently: Bybit was attacked by hackers, losing a total of $100 million in assets. This fund was later tracked to trades on OKX's decentralized exchange (DEX), attracting widespread attention from the market. Due to regulatory pressure, OKX has seen user traffic start to overflow, and BSC, being a low-cost and highly stable chain, naturally became a new choice for capital flow. Compared to Solana's high-speed and high-resistance environment, BSC's trading pace is slower and steadier, especially suitable for retail investors who are exhausted by the 'fast pace'. For example, after the stolen funds were laundered on the DEX, many project parties and players chose to re-establish their layout on BSC because BSC's gas fees are so low that they are almost negligible (averaging less than $0.1) and can support large-scale community activities. This characteristic of being a 'safe haven for funds' unexpectedly made BSC a beneficiary in this incident.
2. Binance integrates Alpha into CEX: Getting on Alpha is equivalent to getting on Binance. Let’s talk about another major event:
Binance recently integrated the Alpha segment directly into its centralized exchange (CEX). What does this mean? Simply put, once a project is on Alpha, it is equivalent to being on Binance's main site, enjoying Binance's traffic and brand endorsement. This is like giving BSC wings! In the past, Solana attracted countless players with its fast-paced DeFi and NFT gameplay, but its ecosystem was more of a decentralized 'wild growth', lacking the support of a large platform like Binance. With BSC backed by Binance, the integration of Alpha is like opening a 'science and technology innovation board' fast track for BSC projects. For example, according to yesterday's data, there were 24 new projects launched on BSC, while Solana had only 7, and Base was even worse with just 3. This tilt in traffic and opportunities has directly made BSC a hot spot for project parties and investors. I saw someone on Xiaohongshu say: 'BSC's Alpha is like an IPO in the crypto circle, once you’re on it, it's a doubling rhythm!' Although this is an exaggeration, it also shows everyone's expectations for new opportunities in BSC. In contrast, projects on Solana rely more on community-driven efforts, lacking this kind of 'official endorsement' certainty.
3. Solana's gameplay fatigue:
Players need a new battlefield. Solana has indeed been incredibly hot these past two years, attracting countless DeFi players and 'meme coin' enthusiasts with its ultra-high TPS (transactions per second reaching 65,000) and low fees. However, this popularity has also brought about 'Solana fatigue'. What does this mean? It means everyone has gotten tired of it! The ecological rhythm of Solana is too fast, with projects reaching their peak upon launch, where not running for three days leads to a zero within a day. This high resistance has left many people exhausted.
5. Future outlook: How far can BSC go?
Of course, BSC is not without its flaws. Its level of decentralization is lower than that of Solana, and being overly reliant on Binance could also pose a risk. However, at the moment, market sentiment clearly favors BSC. Data shows that BSC's daily trading volume has recently been steadily increasing, while the number of active addresses on Solana has declined. This shift of opportunities from Solana to BSC may just be the beginning. For us 'meme coin' players, the rise of BSC is a good opportunity. If friends are also interested, it's worth keeping an eye on BSC's Alpha segment; perhaps the next doubling opportunity is inside!
