I have always believed that the real difficulty of BTCFi is never about 'increasing returns', but about making 'trustworthy' a default setting. When you hand over sovereignty of a Bitcoin, even if just temporarily, the user will not let go of that tension in their heart. Lorenzo chose to start on the BNB Chain, essentially selecting the easiest path to translate 'trustworthy' into 'usable': allowing users to engage without first learning a bunch of cross-chain terminology or incurring high Gas costs, thereby pushing BTC from 'a dormant asset' to a financial track that is 'composable, liquid, and verifiable.'
First, look at where the 'ammunition depot' is. BTCB on the BNB Chain is not a niche packaged coin; it is a shadow market for BTC that has already scaled: BscScan shows that the supply of BTCB is at the level of 65,000 coins, with the number of holders in the millions. This means that Lorenzo is not educating the market from scratch but is directly opening an entrance next to a mature BTC liquidity highway. For many, BTCB has long existed in their wallets, and the next step is not 'should I enter,' but 'in what way can I turn it into a more efficient asset.'
Now let's look at the 'friction coefficient.' The biggest fear for BTCFi products is not slightly lower returns but that every operation feels like waiting in line at a toll booth: authorization, exchange, addition, exit—all require Gas. The strategy of the BNB Chain over the past two years has been very clear: to reduce transaction costs to a level that is almost imperceptible. CoinDesk has reported that the BNB Chain plans to lower the minimum Gas price to 0.05 gwei, aiming to bring the cost of a single transaction down to about $0.005. This cost structure is crucial for 'frequently interacting yield products.'
Then there's the 'user structure.' The strength of the BNB Chain is not a specific narrative, but rather the density of trading users. The official blog provided several numbers in its 2025 recap: the monthly transaction volume on DEX is in the hundreds of billions of dollars, daily active users are in the millions, and monthly transaction counts are astronomical. Moreover, PancakeSwap remains the main liquidity hub; Messari's quarterly report also indicated that PancakeSwap accounts for over 90% of DEX trading volume on the BNB Chain. For Lorenzo, this means stBTC/enzoBTC is not 'minted and left to sit,' but is more easily connected to real needs like trading, lending, market-making, and structured products, allowing BTCFi to run on a 'liquid' road from day one.
More importantly, the BNB Chain is not just a 'chain'; it also comes with a strong distribution link. Lorenzo's BANK conducted a TGE on the BNB Smart Chain through Binance Wallet and PancakeSwap in April 2025, and this type of issuance naturally bundles on-chain liquidity, wallet entry, DEX scenarios, and user attention into one. Later, Binance also held trading activities around BANK, and this continuity of 'from wallet to trading scenario' will significantly reduce the decision-making cost for new users.
Finally, let me lay out the 'strategic intent' for you: Lorenzo does not treat the BNB Chain as a temporary parking lot, but rather as the first power station. The official article states clearly that BTCB has been integrated into Lorenzo's staking products, allowing users to directly stake BTCB on the BNB Chain to obtain stBTC and YAT, and there are also plans to promote YAT's trading infrastructure on the BNB Chain. Additionally, they have repeatedly emphasized 'Backed by Binance Labs/ YZi Labs' and key information such as asset minting and security solutions in their official collaboration articles. In other words, the 'low-cost interaction + large volume of BTCB + strong trading users + Binance ecosystem distribution' of the BNB Chain together form the most suitable runway for Lorenzo to start.
If you want to do a 'Azu-style sensory test' in 30 minutes, I suggest you first take the simplest path: Start by checking the BTCB contract and balance on BscScan to confirm that the source of your assets is clear; then use a 'small trial order' that you can accept to experience the staking process on the BNB Chain, focusing on how the stBTC/YAT you obtain reflects the principal and rights to returns of your BTC; finally, return to your usual DeFi scenarios to see the availability of stBTC/enzoBTC. Don't rush to pursue the highest APY; first confirm the three things of 'being able to enter, able to exit, and being able to see clearly,' and you will understand why Lorenzo wants to first stake a flag on the BNB Chain.
