🚀 BNB Chain grows while Solana loses ground — what is happening?


🚀BNB Chain is gaining strength with the wave of memecoins, capturing volume from Solana, which is seeing a decrease in its dominant position in the memecoins market. This shift, according to Alan Orwick from Quai Network, is part of a cyclical rotation, not a permanent change.


➡️ Solana's difficulties and BNB's growth


🚨For most of 2024 and early 2025, Solana led the memecoins movement, with tokens linked to celebrities and political figures. However, after the controversial memecoin project by Javier Milei, confidence in Solana's memecoins sector was affected.


🚨Meanwhile, the BNB Chain seized the opportunity and launched Four.meme, a platform to support new projects and promote liquidity. Some of these tokens even got listed on Binance.


➡️ PancakeSwap takes the lead


PancakeSwap, the main DEX of the BNB Chain, has seen significant increases in volume since mid-March. According to Dune Analytics, it led the DEX volumes of EVM chains for several days.


🟡 13% of PancakeSwap's daily volume was generated by just 2 BNB memecoins.


➡️ The return of the BNB Chain



The return of the BNB Chain is driven by the continued growth of memecoins. In February, Binance reaffirmed its commitment to memecoins with the new technology plan for 2025, and the growth of broccoli-themed memecoins further boosted growth.



The BNB Chain even launched the "BNB Chain Memecoins Liquidity Support Program," providing $200,000 in liquidity for the top-performing memecoins.



➡️ Solana vs. BNB Chain: who is on top?



Data shows that the Solana memecoins sector is cooling off, while the BNB Chain is gaining strength. However, Solana's transaction volume is still higher, indicating the cyclical nature of this competition.



"It's not a long-term shift in dominance, but a capital rotation driven by user behavior," said Alan Orwick, co-founder of Quai Network.



The BNB Chain is drawing attention with strong liquidity and viral movement of memecoins.


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