Will BNB Chain Link the SOL Chain to Revive the On-chain Ecosystem?

[TL；DR]:

Driven by CZ’s orders and the meme coin support plan, BNB Chain’s eco has developed actively, and its TVL has climbed to $7 billion, second only to Ethereum and Solana.

BROCCOLI(f3b) is a meme coin inspired by the pet dog of BNB Chain founder CZ. Its price has recently risen to a new high, standing out among a number of such concept coins.

The real challenge for the BNB chain is not to surpass SOL, but how to transform traffic advantages into technological accumulation.

Introduction

The crypto market in April always has dramatic turns. Just as BTC fell at the beginning of the month and has now rebounded, the number of monthly transactions in the Solana eco decreased by 20% to 1.5 billion, while the number of transactions on the BNB chain increased by 17% to 140 million. This trend of one rising and the other falling makes observers wonder: Is the BNB chain, which was once criticized for its rampant clamps, completing the transformation from traffic harvesting to eco sedimentation?

Eco Data Soars, Making BNB Chain Great Again

In April, when the on-chain data was dull, BNB Chain ushered in a small climax of eco prosperity. According to DeFiLlama data, the total value locked (TVL) of BNB Chain has climbed to $7 billion, approaching the high point in April 2024. Meanwhile, the TVL of opBNB reached $25.21 million, showing its potential as a high-performance side chain. Although there is still a gap compared with Ethereum and SOL Chain, the growth rate of BNB Chain is undoubtedly remarkable.

Source: Defillma

Stablecoin active addresses are an important indicator for judging the activity of the eco. According to CryptoRank data last week, the total number of active USDT addresses in the entire chain reached 31.1 million in the past 30 days. BNB Chain ranked first with nearly 12 million active USDT addresses, followed by TRON (11.2 million) and Polygon (2.6 million).

The number of active addresses is another key indicator for measuring the eco’s activity. As shown in the figure below, according to the statistics of various chains by Nansen, the number of monthly active addresses of BNB Chain reached 16 million, surpassing Tron and Base and ranking second. However, although the number of active addresses of the BNB chain is only 15% of that of the SOL chain, the transaction fees account for 65% of the latter, showing the strong capital scale and hype of the chain.

Source: nansen

The recovery of the BNB Chain is not accidental, but the joint result of technological innovation, community drive, and market strategy. It is particularly worth mentioning that BNB Chain launched the “Meme Coin Liquidity Support Plan” based on the market trend of “embracing new traffic.” According to the official announcement of BNB Chain, the plan attracted a large number of new users and developers by providing initial liquidity support for the meme coin project.

Source: BNB CHAIN DappBay

As of April 2025, dozens of meme coin projects have benefited from the program, including star tokens such as BROCCOLI and $BANANA. This move not only enhances BNB Chain’s competitiveness in the meme coin field, but also significantly improves the activity and market appeal of its eco.

New Coins with Narrative and Popularity: Broccoli, $BANANA, FHE, SKYAI, etc.

In this section, we will analyze four trending tokens in depth: BROCCOLI, BANANA (Banana For Scale), FHE (Mind Network), and SKYAI (SkyAI). It is worth mentioning that these trending tokens have been listed on Gate.io.

BROCCOLI: CZ’s Dogecoin, a community-driven star

BROCCOLI(f3b) is a meme coin inspired by the pet dog of BNB Chain founder CZ. It was launched on BNB Chain through the four.meme platform in February 2025.

Source: firstbroccoli

As the first CZ dog-themed token on BNB Chain, this meme coin with the token contract address ending in f3b quickly stood out among many CZ pet dog concept coins. It is also the only popular coin that has hit a new high in price recently.

$BANANA (Banana For Scale): A SpaceX-Powered Meme Craze

$BANANA (officially known as Banana For Scale, with the token symbol also BANANAS31) is based on the widely circulated “banana as a universal unit of measurement” meme on Reddit and was launched on BNB Chain in early 2025.

Source: bananabsc.com

Even more striking is that Elon Musk printed the same “Banana For Scale” pattern on SpaceX’s S31 Starship, making it the “first banana to be launched into space.”

FHE (Mind Network): Pioneer in Homomorphic Encryption

FHE (Mind Network) is a token issued by the Mind Network project, which focuses on homomorphic encryption, a cutting-edge technology that allows calculations to be performed without decrypting data. In April 2025, Mind Network hosted an airdrop event for FHE tokens, which garnered significant attention from developers and investors.

Source: mindnetwork.xyz

As a token related to AI and privacy computing, FHE’s technical narrative positions it uniquely within BNB Chain’s DeFi and AI eco. In my opinion, the emergence of FHE not only reflects BNB Chain’s potential for technological innovation but also reflects the market’s growing demand for privacy protection and data security.

Similarly, the price of this new coin has remained relatively strong after its launch and has also recently reached a new high.

SKYAI(SkyAI): Community-driven AI+MCP protocol

SKYAI is a protocol that serves large language model (LLM) application scenarios by extending MCP (Model Context Protocol) to connect blockchain data.

Source: @SKYAIpro

As the first IDO project on the Four.meme platform, SKYAI’s pre-sale attracted over 110,000 addresses to participate, raising a total of 83,848 BNB (about $50 million). After SKYAI’s official TGE last Sunday, its market value once rose to around $76 million, and the IDO had a significant wealth-creating effect.

To Sum Up

BNB Chain activated the long-dormant on-chain eco in April 2025. The rise of trending tokens such as BROCCOLI and BANANAS31, the growth of TVL and trading volume, and the flourishing of community-driven projects demonstrate the vitality of BNB Chain. However, compared with the eco of SOL Chain, BNB Chain still needs to catch up in diversity and user stickiness.

However, in my opinion, the real challenge of the BNB chain is not to surpass SOL, but how to transform the traffic advantage into technology accumulation. From BSC’s “transaction as a service” to opBNB’s “computing as a service”, from Mind Network’s privacy computing to Four.meme’s community drive, this eco is proving that the competition of public chains will eventually return to the essential proposition of “lowering the threshold of innovation”. After all, in the current era of meme and technology, the resilience of the eco is always worth looking forward to rather than the temporary popularity.