Friday, October 10, 2025:
Network Performance and Activity:
- Leading in Fees: The BNB Chain has been reported to top all public blockchains with the highest daily network fees, indicating strong user engagement driven by DeFi, gaming, and memecoin trading. This dominance in fees suggests robust activity and transaction demand on the network.
- Ongoing Growth: Daily active users and trading volume remain high, with the network emphasizing scalability, low fees, and fast finality time.
Ecosystem Developments:
- Builder Fund and Institutional Interest: BNB is continuing to gain momentum following the announcement of a $1 billion Builder Fund backed by YZi Labs (formerly Binance Labs) to accelerate developer growth across DeFi, AI, and Real-World Asset (RWA) projects on BNB Chain.
- Institutional Integration: Franklin Templeton, a major asset manager, has integrated its proprietary tokenization platform with the BNB Chain to bring Real-World Assets (RWAs) on-chain.
- Wallet Discontinuation: BNB Chain has announced the discontinuation of its Wallet Extension by October 2025, advising users to migrate their assets to other wallets like Trust Wallet or Bitget Wallet.
Market and Security:
- Memecoin Turmoil: Recent days have seen significant volatility and a downturn in some memecoins on the BNB Chain, with losses exceeding 30%. This has highlighted issues of market concentration and low liquidity amplifying crashes.
- Rug Pull Incident: The OracleBNB project on the BNB Chain has reportedly undergone a rug pull, with the team deleting their social media accounts.
