BNB Chain is back in popularity: take stock of the 10 projects that have been active recently

Original author: Scof, ChainCatcher

Original editor: TB, ChainCatcher

Recently, the BNB Chain ecosystem has heated up again. After the Binance Alpha platform detonated on-chain participation, the transaction volume and active addresses on the BNB Chain ushered in rapid growth. On May 19, Binance Wallet's single-day trading volume reached $5 billion, accounting for 95.3% of the share of the 12 major mainstream wallets, setting a record high.

One of the core drivers of this outbreak is Binance Alpha's "low threshold + high incentive" guidance for Web3 projects. Users can interact on-chain without a wallet, participating in token presales and airdrops, driving the popularity of the Alpha project after its launch. Under this wave of Alpha + Meme two-wheel drive, several tokens have achieved a surge in trading volume in a short period of time.

Here is a brief breakdown of the 10 most actively traded tokens and their projects on the BNB Chain right now.

1. $B (BUILDon)

24 H Trading Volume: $3.7 Billion
Market Cap: $1.7 Billion
Users: 11, 619
24 H Trading: 54, 639

BUILDon is a meme coin on the BNB Chain with a lion as its mascot and was initially issued through the Fourmeme platform. At first, the market value was only millions of dollars, until mid-May, when the project announced that it would bind USD 1 and jointly hold a trading competition, and the trading activity reached an inflection point.

After its alpha launch, the trading link directly pointed to $B, which attracted market attention. Today, $B has become one of the main liquidity pools of USD 1 and is officially supported by WLFI, with a market capitalization of over $400 million at its peak, making it the most strategic project in Meme on the BNB Chain.

2. $B 2 (B² Network)

24 H Volume: $7.1 billion
Market Cap: $29.2 million
Active Users: 26, 410
24 H Trading: 306, 723

B² Network is a zk Rollup Layer 2 network on Bitcoin, compatible with EVM, and supports BTC interaction with ETH addresses. With its positioning as "Bitcoin's most practical L2", it has become one of the hot projects in the current multi-chain interoperability track.

3. $KOGE (48 Club)

24 H Trading Volume: US$ 1 billion
Market Cap: US$ 8.4 billion
Active Users: 10, 782
24 H Transactions: 193, 047

KOGE is a token launched by the 48 Club community. 48 Club is the first DAO on the BNB Chain, active since 2018, with over 500 members, focusing on ecological investment, technical operation and maintenance, and community governance.

After Binance Alpha detonated traffic, established community tokens also re-entered the market field, $KOGE took advantage of the momentum to rise, with trading volume exceeding $1 billion.

4. $RWA (Allo)

24 H Trading Volume: US$ 101 Million
Market Cap: US$ 23.2 Million
Active Users: 27, 691
24 H Trading Volume: 119, 585

Allo is a Layer 1 platform focusing on the tokenization of real assets, supporting on-chain transactions of high-value assets such as real estate and art, and has completed the tokenization of $2.2 billion in assets.

$RWA is its native token, which has recently become the focus of on-chain popularity due to the recovery of the RWA concept and the bright fundamentals of the platform.

5. $MERL (Merlin Chain)

24 H Trading Volume: $96.9 Million
Market Cap: $0.5 billion
Users: 7, 129
24 H Trading Volume: 111, 542

Merlin Chain is a Bitcoin L2 project supported by Bitmap, building metaverse, DeFi and other applications based on BTC layer assets, positioning itself to "make Bitcoin interesting again".

As one of the first round of trading and launch projects on Binance Alpha, $MERL continues to attract an influx of funds with the dual support of ecological narrative and platform support.

6. $SKYAI (SKYAI)

24 H Trading Volume: $90.5
Million Market Cap: $56.8 Million
Active Users: 5, 600
24 H Trading: 130, 724

SKYAI is a data bridging protocol for AI agents, connecting multi-chain data with large language models based on the MCP standard, and is a representative project of the AI + Infra crossover track.

Its token is active simultaneously on Solana, BSC, and other chains, and its ecological potential continues to attract attention as the MCP market opens up.

7. $BANK (Lorenzo Protocol)

24 H Trading Volume: $78 million
Cap: $32.9 million
Users: 2, 682
24 H Transactions: 104, 024

Lorenzo Protocol is a modular Bitcoin L2 infrastructure based on Babylon, supporting smart contract execution with USD 1 liquidity access, emphasizing security and asset compatibility.

Currently, it belongs to the USD 1 strategic expansion camp with BUILDon, and with the help of narrative resonance, $BANK has successfully obtained the traffic dividend of the Alpha platform.

8. $AIOT (OKZOO)

24 H Trading Volume: $59.3 Million
Market Cap: $16.7 Million
Users: 5, 234
24 H Trading: 66, 038

OKZOO is a project that combines AIoT, DePIN, and GameFi to collect environmental data through P-mini hardware, and users can be rewarded with $AIOT tokens.

The project has independent hardware manufacturing capabilities, with more than 10 million ecological users, and the V2 virtual pet quickly became popular after its launch, becoming a star project in the evolution direction of DePIN.

9 – 10. $CZPizza / $PizzaCZ

$CZPizza

24 H Trading Volume: $6.4 million
Cap: $5800
of Active Users: 1, 146
Number of Transactions: 5, 197
$PizzaCZ
24 H Volume: $790,000
Cap: $340,000
Users: 1, 089
Transactions: 1, 588

Both meme coins originated from CZ's tweet on May 22 about changing avatars, which the community jokingly dubbed a modern version of "Pizza Day." By tying emoji culture to high-profile topics, they quickly become short-term speculative hotspots, but lack technical or application support, and are typical follow-up assets.

Summary: Alpha-driven ecological hotspot rotation

From Meme narrative to AI Infra, from Bitcoin L2 to DePIN environmental data collection, these tokens are not only behind traffic, but also reflect that the Binance Alpha platform is guiding the structural ecological renewal of the BNB Chain.

Through TGEs, airdrops, and Alpha Points incentives, Alpha has achieved a "low threshold participation + high return expectation" participation method, allowing high-quality projects to gain early attention and promoting the full activity of on-chain trading behavior.

The next wave of BNB Chain's narrative may already be quietly unfolding in these trading leaderboard tokens.

(This article is for reference only and does not constitute investment advice).

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