Author: rhythm worker
The wealth effect has come to BNB Chain.
On November 25, Binance futures launched 1000WHYUSDT and 1000CHEEMSUSDT perpetual contracts. Whether it is Cheems, the Shiba Inu MEME coin with its own taunting buff on BNB Chain, or WHY, which is the BSC MEME coin aggregation platform token, they have become the focus of heated discussion in the market. At the same time, Binance Labs announced its investment in BNB Chain’s re-staking infrastructure Kernel, further consolidating BNB Chain’s DeFi ecological layout. Two days later, Binance announced that it would list Thena (THE) on November 27.
DeFi representative projects on BNB Chain not only attract a large number of traders, igniting discussions in the market about BNB Chain DeFi narratives but also, due to their flywheel effect, have led to a rise in the prices of various native tokens and MEME coins on BNB Chain.
In the past few days, the trading volume of BNB Chain has been on par with Base Chain, with the concept tokens of BNB Chain generally rising, and liquidity within the ecosystem continuing to increase. The discussion around 'BNB Chain season' is heating up again, with the ecosystem's appeal and market attention continuing to rise.
BlockBeats has compiled a list of other projects on BNB Chain worth paying attention to in this article, which does not constitute investment advice. All market cap and increase data are as of the time of writing on November 28 at 22:00.
AI MEME coins
Let's talk about AI MEME coins on BNB Chain. Recently, AI has become a hot topic in the crypto circle, but the trading of related MEME coins is mainly focused on Solana and BASE chains. The concept's rise on BNB Chain is closely related to a tweet from Binance founder CZ. In the tweet, CZ mentioned: 'AI labeling (or general AI data) is very suitable to be done on-chain. Using global low-cost labor, unaffected by regional biases, (micro) immediate payments in cryptocurrency. @BNBCHAIN Greenfield provides storage capacity.
Although DeFi OG Lao Lu also mentioned not to overthink it, the market's attention to AI MEME coins has indeed increased, and the increase in AI MEME coins has become a direct reflection.
$AICELL
Market cap: $20.28M;
24-hour increase: 211.47%;
$AICELL is a MEME coin project based on the BNB Chain, and it is also the winning project of the BNB Chain hackathon in the first quarter of 2024. As one of the currently hotly discussed AI MEME coin thematic projects, it is considered one of the earlier projects to explore this track on the BNB Chain.
$NMT
Market cap: $37.6M;
24-hour increase: 4.28%;
$NMT is the native utility token of NetMind.AI, which is an AI project on the BNB Chain. NetMind.AI has the NetMind Chain, which uses a Proof of Authority (PoA) consensus mechanism and offers various specifications and models for GPU computing power rental, as well as strategic partnerships with several innovative AI companies.
The NetMind.AI team has a strong background in AI. Founder Kai Zou graduated from Tsinghua University and has published multiple papers at top academic conferences, collaborating with OpenAI researchers. This background allows NetMind.AI to connect with professional AI researchers and institutions. Currently, NetMind.AI has established academic partnerships with several world-renowned universities, including Tsinghua University, University of Cambridge, University of Wisconsin-Madison, Shanghai Jiao Tong University, Huazhong University of Science and Technology, and Fudan University.
MEME coins
Talking about MEME coins on BNB Chain, everyone is familiar with BN's WHY and Cheems, so I won't elaborate. Currently, their market caps are $80M and $137M respectively.
$COOKIE
Market cap: $38M;
24-hour increase: 54%;
$COOKIE is the token of COOKIE(Dot)FUN, a data platform for AI Agents MEME coins that is currently receiving a lot of attention. The platform focuses on providing real-time market data related to AI Agents, including the market cap, price changes, trading volume, and other core indicator rankings of various AI agents. As a project that combines AI and MEME coin narratives, $COOKIE provides investors with an important window to observe market dynamics of AI Agents.
The unique positioning of COOKIE(Dot)FUN gives it a certain advantage in the current AI + Crypto craze. With the continuous explosion of the AI Agents program, the demand for data analysis platforms is increasing. $COOKIE, as the token of COOKIE(Dot)FUN, may play a role in the following aspects:
The platform may incentivize users to participate in data uploading or analysis activities through the $COOKIE token, further improving the content quality and data accuracy of the ecosystem; $COOKIE may also serve as a governance tool for community members to participate in the platform's development decisions; as the platform's functionalities increase, $COOKIE may be used in more scenarios, such as data subscriptions, unlocking analytical tools, and payments for customized services.
$BOB
Market cap: $19M;
24-hour increase: 72%;
$BOB, short for Building On BNB, is a MEME coin project based on the BNB Chain, characterized by a relaxed and humorous style but with strong virality. Its narrative revolves around the 'BNB Chain mascot', and the community atmosphere is quite good.
'Bob' was originally a meme in the YouTube comments section, depicted as a simple stick figure, and its largest spread began in 2013. At that time, YouTube required users to link their Google+ accounts to comment, which sparked community discontent. Many users protested by posting ASCII art images of 'Bob' to express their dissatisfaction with the change. Bob in the protest was often equipped with Unicode images of military tanks or AK-47 rifles, expressing the community's spirit of resistance.
$FOUR
Market cap: $3M;
24-hour increase: 0.72%;
$FOUR is the native token of the MEME coin issuance platform Four.Meme on BNB Chain. As a community-governed project, $FOUR is seen as an important native IP MEME coin in the BSC ecosystem due to its properties related to CZ MEME coins and its humorous abstract style.
Four.Meme primarily provides issuance support for MEME coin projects on BNB Chain, aiming to promote the development of more quality projects through empowering the BSC MEME coin ecosystem.
Prior to this, Four.Meme reached a strategic cooperation with Unamano (WHYPAD). A support fund worth $30,000 was launched, specifically to support Meme coin projects issued with $WHY on the Four.Meme platform. Although the current market cap of $FOUR is not high, the ecological support and strategic cooperation behind it indicate that $FOUR still has considerable development potential.
DeFi Infrastructure
$THE
Market cap: $780M;
24-hour increase: 27%;
$THE is the native token of the DEX platform Thena on BNB Chain, and it was the first project launched on Binance after CZ was released from prison. Thena's development is supported not only by users but also by retweets and recognition from Binance founder CZ. As a result, some in the community suspect that this is an internal product of BN, but the Thena team is indeed a wild European team.
As a DEX platform based on the ve(3,3) model, liquidity providers no longer receive allocations directly from trading fees but are compensated through the issuance of tokens for liquidity mining rewards. This also means that Thena provides a more efficient liquidity solution for other projects, attracting more funds and collaborations.
On the first day of listing on Binance, the trading volume of $THE exceeded $1 billion, surpassing mainstream crypto assets like Dogecoin, Solana, and XRP in trading volume. Currently, the 24-hour trading volume of DEXS on BNB Chain is second only to PancakeSwap, ranking second in the ecosystem.
$CAKE
Market cap: $1.17B;
24-hour increase: 4%;
$CAKE is the native token of the PancakeSwap platform, which is a leading decentralized exchange (DEX) on the BNB Chain. PancakeSwap not only encompasses the core functions of traditional DEX but has also become an important pillar in the BSC ecosystem through a rich product ecosystem and reward mechanisms. PancakeSwap's initial functionality was similar to Uniswap, focusing on trading and liquidity provision. However, with the platform's rapid expansion, it has gradually evolved into a full-featured DEX on BSC, covering a more diverse range of products and services.
According to Dune data, PancakeSwap's trading volume has consistently ranked first on BNB Chain, far exceeding other DEXs, including consistently beating Uniswap. Strong market performance and user base have made PancakeSwap one of the most representative DeFi projects on BSC.
$LISTA
Market cap: $559M;
24-hour increase: 15%;
$LISTA is the native token of ListaDAO, which focuses on liquidity staking (LSD) and over-collateralized lending (CDP), representing the LSDFi protocol within the BNB ecosystem. ListaDAO was formerly Helio Protocol, which received a $10 million investment from Binance Labs in August 2023, marking the project's successful transformation toward liquidity staking.
The core mission of ListaDAO is to lower the threshold for participating in DeFi, providing users with more liquidity options and yield opportunities through support for diverse collateral and liquidity release tools. Related reading: (What is ListaDAO, which received investment from Binance and a public airdrop)
Users can stake assets such as BNB, ETH, etc., to obtain ListaDAO's liquidity tokens slisBNB and the over-collateralized stablecoin lisUSD. ListaDAO not only supports traditional collateral but has also launched an innovative collateral zone, introducing innovative assets such as Ether.fi's weETH, StakeStone's STONE, and Renzo's ezETH, with plans to expand to multi-chain ecosystems like Ethereum in the future.
ListaDAO is also one of the key projects invested by Binance Labs, and its close collaboration with the BNB ecosystem gives it a significant advantage in the liquidity staking track. Cooperation with several platforms such as PancakeSwap, Thena Finance, APX, etc., will continue to drive liquidity and user growth.
(The above content is excerpted and reprinted with permission from partner PANews, original link | Source: Block Rhythm)
Disclaimer: The article only represents the author's personal views and opinions, and does not represent the views and positions of BlockKe. All content and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and trades, and the author and BlockKe will not bear any responsibility for any direct or indirect losses caused to investors from trading.
"As funds begin to flow in, what other projects and MEME coins on BNB Chain deserve attention?" This article was first published on (BlockKe).
