Recently, I've seen many people tweeting about returning to Bnbchain, especially after the recent general rise in the Bnbchain sector. It feels quite nostalgic. The previous BSC had a similar scene for a long time, and I have been waiting for this day for quite a while.
I reviewed a long post I wrote a month and a half ago; that was when the first meme season ended, and the market was in a state of confusion. Now it seems that many predictions made at that time are coming to fruition.
In the article, I predicted three major opportunities for Bnbchain in the future, including:
1. Perpdex
2. New paradigm of memes
3. Binance's own stablecoin.
Currently, both 2 and 3 are gaining momentum and gradually generating a lot of on-chain activities, creating a huge wealth effect.
The new paradigm of memes has gradually taken shape. Bnbchain no longer follows Solana's emotional direct meme route; instead, it focuses on AI-related memes like $Skyai, $B around $USD1, and the delicately distributed $Jager, all of which have performed admirably with astonishing market capitalizations.
As for stablecoins, with Binance launching USD1 and WLFI personally hosting competitions, Binance's stablecoin strategy has shifted from skepticism to certainty.
Although the opportunity for Perpdex has not yet been realized, the expectations for Aster_DEX are becoming increasingly clear, and I have no doubts about it.
Let's look at the data from the recent past:
In the past 7 days, the trading volume on Bnbchain exceeded 123 million transactions, and this was even before the Maxwell hard fork; after that, it is estimated there could be double the capacity.
The trading volume of Binance Wallet continues to crush, reaching a terrifying 96.6%, with active user numbers and mindshare proportions leading by a wide margin.
Let's take another look at Binance's overall data:
- DEX trading volume set a record: $14.64 billion.
- Futures trading volume: $2.3 trillion in May.
- The highest trading volume of Binance Wallet: $9.98 billion.
- Holding nearly 59% of stablecoin reserves (approximately $31 billion USDT/USDC).
The aggressive Alpha strategy has almost stolen all opportunities for quality projects to launch their TGE, leaving second- and third-tier competitors in a difficult position. It is said that many have already started layoffs, and some CEX wallet teams have had to shut down operations. Quite fierce indeed.
This is the momentum of Binance and BSC that I was familiar with before CZ was held back by the Americans. At that time, Binance didn't have contracts, but decided to enter the contract market, quickly rising to first place; there were no stablecoins, so they focused resources on $BUSD, leading to $USDC having to seek parental help.
Hey, Binance's elder sister once said: Binance may be slow, but if they are determined to do something, they will definitely be able to achieve first place. Binance Wallet has disappointed for a long time, but once it became a strategic focus and resources were poured into it, the results were evident.
In terms of user experience, the OKx wallet is still a bit better, but the gap with Binance Wallet is visibly narrowing.
What will happen next? I will boldly predict again.
1. More projects with a market cap of over $100 million will emerge on Bnbchain; the ceiling has already been lifted. I have a strong premonition that a big dog will appear in the next few days. The reason was mentioned yesterday; this month's competition is very tempting for many capable and ambitious developers.
2. Binance will further stimulate and promote the issuance of USD1 through the existing spot/USD1 trading pair and other methods, guiding more and more Bnbchain on-chain transactions to use USD1.
3. Projects with specific functions but similar to fully circulating memes may become increasingly common (as I mentioned before, the new paradigm of memes).
For example, I was a bit surprised by the content quality output by JanitorBNB Aibot that I saw yesterday; it surpassed most competitors on Bnbchain in the race against Aixbt.
CZ has always said that the chain cannot only have memes, so moving forward, projects with application value and profitability will definitely emerge on Bnbchain. However, they won't necessarily follow the old path of VC fundraising or listing on exchanges. For example, I have always been optimistic about AI projects represented by SKYAIpro.
4. With the strong backing of the Trump family for WLFI and the lifting of the SEC lawsuit, Binance may welcome breakthroughs among mainstream user groups in Europe and America.
Binance currently seems to have established a deep connection through USD1, and there will naturally be opportunities for greater leverage in the future, though that's a bit far off.
In conclusion:
Aside from Solana's rebirth, I haven't seen any chain truly able to revive. Historically, the evaluation of a reviving ruler is often much higher than that of a founding ruler, because the difficulty is immense.
How high the fire of BSC/Bnbchain can burn, whether it can fully replicate or even surpass the former glory of BSC, depends on how the next two months unfold. I am looking forward to it.
