[Analysis] "Meme Coin Craze Based on Binance Chain Continues"

An analysis has emerged suggesting that the meme coin craze based on Binance Coin (BNB) chain is continuing.

On the 19th (local time), on-chain analyst ai_9684xtpa revealed through X that the recent on-chain metrics of BNB chain and Four.Meme, a meme coin issuance platform based on BNB, are noteworthy, stating that "the meme coin craze based on BNB chain is still ongoing." The analyst added that it's also clear that Binance is actively intervening in the market.

The analyst said, "As of the 18th (local time), Four.Meme's 24-hour trading volume was $40.74 million, ranking second among all networks," adding that "this is about 56% of the daily trading volume of Pump.fun, a Solana-based meme coin issuance platform." The analyst further explained, "The 24-hour fee revenue also increased to $185,000, reaching about 23% of Pump.fun's level."

In particular, the analyst pointed out that most of the recently successful meme coins were launched on Four.Meme. "Recently, Pump.fun had only one coin that surpassed $1 million in market capitalization in a single day," the analyst said, "In contrast, Four.Meme successfully launched an average of 73 new tokens over the past three days."

The analyst continued, "When the Solana meme coin craze was happening, Pump.fun was the unrivaled presence in the industry," but added, "It's a remarkable achievement that Four.Meme has become comparable to Pump.fun in such a short time."

The analyst also mentioned positive indicators for the BNB chain. "The daily trading volume of BNB chain decentralized exchanges (DEX) has surpassed Ethereum (ETH)," the analyst reported, "ranking first in public blockchain DEX trading volume." The analyst added, "The net inflow of BNB cross-chain bridges also recorded $8.37 million, ranking first among all networks."