When the market's attention was on Solana, the BNB chain also quietly emerged in this wave. With the influence of KOMA, CHEEMS, and WHY, people paid attention to it again. I think the biggest difference between this wave of BNB chain and the previous BSC is that many participants are new faces.

Yes, many old BSC OGs have missed this wave of market, but I understand that some of them are actually on the Alpha train, and some continue to hold BNB in ​​Binance to participate in opportunities within the exchange.

The door to a new world.

In the beginning, after several big MEMEs of Solana emerged, I also joined the camp of searching for Alpha. I don’t think ETH can create dozens of times more opportunities for young people, unless you are willing to follow Vitalik Buterin to hackathons every day and then get funding.

Historical experience told me that it was right to follow the post-00s, so I took the initiative to search for various Alpha communities until I was pulled into the KOMA and CHEEMS communities by a few young people.

At first, I felt that the community gave me a feeling like a CX plate, with less than 3 common friends, all strangers, because when I joined the VC coin project group before, it basically started with 50 common friends, and they were all familiar big investors and VCs, but here, I will not encounter any such situation.

Moreover, I found that most of the users in these MEME communities entered the market last year and this year. People communicated very frequently and everyone would actively share any small news or community comments. This reminded me of the feeling of DeFi Summer, when real large-scale users entered the market.

In addition, since most of these new users are using Binance as their first exchange, and the competition among wallets is particularly fierce, most wallets on the market have a very complete experience, which provides people with a more convenient channel to enter the chain.

What is different from before is that this time, many new users, after knowing that a MEME coin is on the BNB chain, will first buy BNB on Binance, and then rush to the chain to buy the designated coin. This also indirectly stimulates the prosperity of the chain and the destruction of BNB.

Compared with the mining, selling and withdrawal within the exchange, the on-chain burning deflation can better stimulate the supply and price of BNB in ​​the long run.

Fair, still fair.

But today, the resources behind the BNB chain are still somewhat weak compared to the BSC back then. This has also led to many BNB chain projects having to invest more resources and experience than the Solana project of the same period in the process of starting up and developing. I think this is related to the reduced support from Binance and the competition from other institutions.

They are similar projects with similar community data, but one is on SOL and the other is on BNB. This will make many exchanges feel that there is no problem in listing the former, while listing the latter will indirectly benefit Binance, its competitor, and Binance’s own platform coin. After all, everyone wants to be the second Binance.

As a result, many BNB chain MEME and project parties I have come into contact with have complained to us about this problem, that is, the so-called difficulty in listing on an exchange. Since Binance is not listed, they can only knock on other exchanges, and other exchanges will exclude and block you because you are a BNB chain and their own competitor.

If we don’t go on CEX, it will be difficult to attract large-scale users in the bull market and users who are not from the BNB chain. This means that everyone can only move forward with difficulty, or rely on the power of a larger community to promote the BNB chain to people first, and then promote their own projects.

At this point, every participant in the BNB chain hopes that Binance will restart listing BNB chain projects. After all, as mentioned last time, in the past two months, Binance has launched two Solana projects, four Ethereum projects, and one Sui project, but none based on the BNB chain.

Today, when CZ returned, Yijie also expressed in the community: support for the BNB chain.

Therefore, people are looking forward to its creator truly supporting it.

November 16, 2024
AB Kuai Dong