The Rebirth of BNB Chain: From DeFi Dominance to a New Chapter Empowered by AI

Introduction

In the ever-changing landscape of the blockchain world, BNB Chain uniquely embraces the complex trends of the era. Although it may not be the most advanced or elegant public chain, it has supported the prosperity of an era by its own strength.

Now, as the market focus shifts to emerging public chains like L2 and Solana, BNB Chain quietly restarts its strategy, and Binance also readjusts its direction, investing heavily in ecosystem rebuilding. Is this a high-stakes gamble or a rebirth of old roots with new sprouts?

In this act of "Empire's Counterattack", what we see is not only the update of technology but also the multiple confrontations of faith, strategy, and destiny.

1. The Creation of an Empire: From Binance Chain to the Rise of the Underdogs

1. Binance Chain

In April 2019, Binance launched Binance Chain, primarily supporting Binance DEX, focusing on transfer speed and stability, without supporting smart contracts. At that time, it was merely seen as a "supplementary chain" within the Binance ecosystem and was not regarded as a true competitor to Ethereum.

2. BSC(Binance Smart Chain)

In September 2020, BSC emerged. It is an EVM-compatible chain with characteristics such as low Gas fees, fast block times, and low deployment thresholds. The success of BSC stems from Binance's strong resource integration capabilities and the narrative dividend in the market at that time.

BSC adopts the PoSA consensus algorithm, combining DPoS and PoA mechanisms, based on a network of 21 validator nodes, achieving block generation in seconds, providing high-speed infrastructure for Decentralized Finance protocols.

3. BNB Chain

In February 2022, BNB Chain was officially launched, formed by the merger of the BNB Beacon Chain and the BNB Smart Chain. The BNB Beacon Chain is responsible for governance, while the BNB Smart Chain continues to serve as the infrastructure supporting the construction of the DApp ecosystem.

4. opBNB

opBNB is a Layer 2 scaling solution that enhances the performance of the BNB Smart Chain using the Optimism OP Stack. It offers high throughput, low transaction fees, and extremely high processing efficiency, making it suitable for large-scale Web3 applications.

opBNB's TPS exceeds 4,000 transactions, with an average Gas fee of only $0.001, significantly enhancing the user experience.

5. BNB Greenfield

BNB Greenfield is a decentralized storage and blockchain storage solution designed to harness the power of decentralized technology in the fields of data ownership and data economy. Its main features include native cross-chain programmability, EVM-compatible storage, high-speed decentralized storage, and seamless migration from Web 2.0.

6. BNB

BNB stands for "Build and Build". It not only provides fuel for transactions on the BNB chain but also serves as a governance token, giving holders the right to express their opinions, which is a prerequisite for participating in the decentralized governance of the BNB chain.

7. MVB Program

In February 2021, Binance launched the Most Valuable Developer ( MVB ) program, aimed at connecting the DeFi and CeFi fields, supporting high-quality entrepreneurial projects on the Binance Smart Chain to innovate, gain industry experience and financial support, and accelerate the collaborative development of the community and projects.

2. The Tilt of the Throne: From Peak Traffic to Marginal Silence

1. Peak Period

• In May 2021, the total value locked in DeFi on BSC surpassed $20 billion, second only to Ethereum.
• Daily active addresses exceed 2 million, PancakeSwap's trading volume has ranked first in the entire network for several consecutive months.
• Safemoon, BabyDoge and other meme coins have driven the on-chain community frenzy, attracting a large number of retail investors.

2. Traffic Transfer

• Starting from Q4 2024, the daily active addresses of Solana continue to rise, reaching an average of about 1.7 million on May 7, 2025, equal for the first time with BSC.
• Pump.fun's low-threshold Meme issuance model attracts a large number of social media creators, driving wallet activation.
• More than 60 Ethereum L2s are developing in parallel, reconstructing the EVM security narrative, diverting developers, TVL, and users.

3. Marginalization of BSC

• As of June 6, 2025, the BSC TVL is approximately $5.9 billion, only one-third of its peak.
• In the past year, the TVL of BNB Chain shrank by 11% within 30 days, and the weekly trading volume of DApps decreased by 25%.
• BSC lacks a phenomenon-level identity, making it difficult to compete with Solana's high performance + Meme narrative and Ethereum L2's secure modularity.
• Binance is facing global regulatory pressure, affecting the reputation of the BSC ecosystem, with developers and funds gradually turning to other public chains.

III. Dynasty Reborn: Can BSC Become the Focus of the New Order Again?

1. Regaining Confidence

• In September 2024, CZ will be released and return, actively interacting on social media and igniting community enthusiasm.
• CZ forwarded the community user Meme post, driving a surge in trading volume for related tokens.

2. The meme craze reignites

• $TST: BNB Chain released the FourMeme demo video and created the $TST token, which has gone through ups and downs to go straight to spot.
• $MUBARAK: CZ forwarded related news, Binance's official account released relevant content, triggering a new wave of Meme frenzy.

3. Cooperative Expansion

• USD1 Stablecoin: Launched by WLFI, it debuted on ETH and BSC, and was listed on Binance, supplementing USD-denominated assets on BSC.
• $B Token: Transitioning from the BNB Chain mascot to the core token pegged to USD1, supporting USD1 liquidity.
• The BUILDon project has deep cooperation with USD1, promoting market capitalization increase, with a maximum FDV reaching 460 million USD.

4. BinanceAlpha section

• Launching Binance Alpha in December 2024 to discover early crypto projects.
• The Alpha Points rating system will be launched in April 2025, initiating a daily score brushing frenzy.
• The Alpha Points mechanism broadens the moat of Binance and BNB Chain, enhancing user participation and trading volume.

IV. Who will prevail under the bets?

1. Decentralization Trend

• Web3 Wallet and WalletTGE: The new version of the wallet integrates cross-chain bridges, TGE Launchpad, and ZK identity modules.
• AlphaPoints and Self-Custody: Guiding users to learn on-chain operations and private key management.

2. AI Empowerment

• BNB Chain lists AI as one of the three key focus areas for the future.
• Multiple AI applications are developing on the BNB Chain, covering fields such as AI agent platforms, games, social networks, and Decentralized Finance.

3. Multidimensional Strategy

• Emotion: Use $MUBARAK and memes to attract user attention.
• Value: USD1 is deeply tied to BNB Chain, enhancing the stablecoin ecosystem.
• Incentives: Stable developers are returned through MVB, AlphaPoints, and opBNB Gas.
• Entry: Web3 Wallet and WalletTGE expand on-chain traffic.

5. Conclusion

BNB Chain is attempting to reposition itself at the intersection of decentralization, AI, and high liquidity, striving to open a "new chapter of the empire" through initiatives such as USD1, AlphaPoints, and AIHub. This bet tests the resonance of community faith, the rekindling of ecological vitality, and the sustained momentum of the narrative engine. History is being written, and we will wait and see if BNB Chain can recreate its former glory in this "turnaround."