#MemecoinSentiment BNB Chain continues to lead the L1 space in terms of on-chain trading volume. The platform regularly clocks in more DEX trading volume than all other L1s combined. This is attributed to the massive uptick in meme trading activity on the chain, with FLOKI (FLOKI) and Mog Coin (MOG) drawing significant activity.

It's now neck-and-neck with Tron for number of daily active users (DAUs) but second only to Solana by daily transaction counts.

Despite these metrics, BNB Chain saw the least growth in total value locked (TVL) week-on-week, gaining just 2.2% compared to Ethereum's 8.1%.

The majority of prominent BEP-20 tokens are in the green this week, with some of the best performers gaining upwards of 25%.

MemeCore (M): +248.7%

Sologenic (SOLO): +56.3%

Banana For Scale (BANANAS31): +52.1%

Rekt (REKT): +32.2%

Lagrange (LA): +28.8%

As you might notice, meme coins currently dominate the toplist. Meanwhile, the worst performers are comprised mainly of AI tokens and infrastructure projects, including:

Hashflow (HFT): -36.8%

Humanity Protocol (H): -30.7%

AI Companions (AIC): -17.2%

Chintai (CHEX): -11.1%

Solidus Ai Tech (AITECH): -9.9%

BNB Chain News Roundup

This week saw an avalanche of important updates in the BNB Chain ecosystem. Here, we’ve summarized the five most significant.

Kraken & Backed Bring Tokenized U.S. Stocks to BNB Chain: On July 9, Kraken and Backed Finance integrated xStocks with BNB Chain, enabling 24/7 on-chain trading of tokenized equities, such as Apple and Nvidia, and pushing BNB further into real-world asset infrastructure. (source)

Binance Exchange Integrates BNB Chain Fast Finality: Binance rolled out BNB Chain’s “Fast Finality” upgrade on July 8, cutting the average transaction confirmation time to under four seconds—an 83% speed-up. DApp, bridge, and withdrawal settlements across the ecosystem are now near instant.