Why can BSC successfully replicate the Solana ecosystem meme miracle?

Author: BUBBLE

With the blessing of three rounds of Meme craze, BSC has gone from being a rookie who retweeted CZ to support the "Happy Trading" single-point attack to now becoming a "veteran" who has upgraded with "multiple sets of components" and connected to the "external armor" of exchange liquidity, and is familiar with market sentiment and can adjust market sentiment at will. What did BSC do? Why is it most likely to copy Solana?

Testing starts with "test coins"

The growth of BSC's Meme skills can be divided into three parts. On February 5, the BNB chain team released a Four.meme promotional video containing test tokens. It is not uncommon for similar test tokens to be hyped by the market, including previous demonstration videos of pumpfun or various Dex. What is strange is the attitude of CZ, who has never played Meme, towards this. The next day, CZ retweeted the video and explained the situation, and his solution can be summed up in one sentence: "Happy Trading".

The gears of fate started from then on. The market's response to the first meme call from the industry's top influencer was to pull the token's market value to $50 million that day, and three days later, the listing on Binance directly pushed $Tst to the ATH of $600 million. This wave of wealth effect increased Bsc's Dex trading volume by more than 3 times, but the wave did not last long.

However, CZ's Meme skills were still immature at this stage. He underestimated the appeal of his speech and tried to end it lightly with "Happy Trading", but failed to control the spread of market FOMO sentiment. After $TST was launched on Binance, liquidity did not continue to grow, but was instead seen as a short-lived attention economy carnival. Judging from the fact that the Four.meme platform only successfully launched 10 tokens that week, CZ's initial "test" failed to bring long-term ecological vitality to BSC. This shows that he is still in the exploratory stage of the community-driven nature and market rhythm of Meme coins.

But what really makes people wonder is the change in Binance’s attitude towards Meme. Compared with the previous cautious Bsc Meme to avoid suspicion, this time "Binance can even bring test coins to the exchange, what about other Memecoins?" planted a seed in the community's mind. First, how high is the liquidity that Cex can bring to Meme? This was directly answered a few days later.

Dogs are a required course

On the morning of February 13, CZ tweeted that he was curious about the operating mechanism of the MEME coin, asking whether someone would create related tokens just by sharing the pet's name and photo, and questioned how to distinguish the "official" version. After understanding the relevant mechanism, CZ said, "It's interesting how things work. As usual with major decisions, I need to think about it for a day or so. Should I respect his privacy or make the dog's information public for everyone? Well, I might also interact with a few MEME coins on BNB Chain."

When someone suggested using random dog photos, CZ responded that no, that would be cheating. If you want to do it, do it right. It's just sharing a dog photo and name.

Then, the entire network began to guess the name of CZ's pet dog and began to ambush related MEME coins in an attempt to "occupy seats" early, and even a few tokens had their market value pushed up by thousands or even hundreds of millions of dollars. That evening, CZ announced that he would release photos of the dog in 3 hours (around 8 pm Dubai time), which whetted the appetite of MEME players.

After several hours of waiting, CZ finally announced the photo of his pet dog Broccoli and their story in the early morning of February 14, and he also said, "I just released the photo and name of my dog. I will not issue Meme coins myself. It depends on whether the community does it. The BNB Foundation may provide rewards for the top MEME on BNB Chain, give LP support or other rewards. The details are still under discussion. More content will be released soon.

Then, a crazy scene appeared on BNB Chain. Tens of thousands of MEME coins with the same name as Broccoli emerged in an instant, so that even the "CZ's Dog" section appeared in the Binance Web3 wallet. Investors were dazzled, and what followed was a Broccoli-themed PVP battle and RugPull performance contest on the chain. BNB Chain ushered in a large-scale stress test, but the results were not optimistic. BNB Chain did not withstand this wave of stress tests. Congested networks, stuck front-ends, and clamps all over the floor, Meme players from the silky Solana said that the experience was too bad.

As AC commented, because CZ did not publish the CA "contract address", the Meme, which was originally intended to let the community grow on its own, directly caused a kind of retail investor on Bsc to suffer heavy losses. Among the many Broccoli coins, the highest market value is only hundreds of millions of dollars. Despite the high market participation, the funds are very dispersed and not only have no leading projects with a high degree of consensus been formed. Instead, the liquidity is transferred to the pockets of Dev and insider players, and a large number of Pixiu and insider disks are intertwined, and investors become victims of liquidity withdrawal. According to the monitoring of on-chain data analyst Yu Jin, a Broccoli creator on BNBChain spent only 1 BNB to make a profit of 6.72 million US dollars, creating a 9517-fold profit in 24 minutes.

In this round, the progress of "intern" CZ in BSC Meme manipulation is limited. He began to understand the cultural attributes of Meme, mobilized community sentiment through previews and story-telling tweets, and showed a higher level of participation than the $Tst period. However, he still did not master how to guide market consensus, and launched multiple Tickers with the same name on Binance Alpha, resulting in serious token homogeneity and diversion. The infrastructure caused the BSC network to be congested due to high concurrent transactions and the MEV situation was serious. The bad experience failed to form a smooth Meme ecosystem like Solana.

CZ later reflected that this was an unexpected "stress test" and admitted that BSC still had shortcomings in scalability and community guidance. This experience made him realize that Meme not only needs popularity, but also infrastructure support and clear guidance. This social experiment did bring some thoughts on on-chain education to BSC. They should be deeply aware of the impact of infrastructure, cultural education, community guidance, and even the "freedom of speech" of leaders if they want to promote on-chain culture.

Culture, characters and infrastructure, meme three-piece set

In the following month, due to the sluggish market and continued pessimism, Bsc had time to improve some of the problems encountered in the last "stress test". Just before and after "Mubarak", everything was ready.

Completed the distribution of $4.4 million in liquidity support from the previous incentive plan to the top memes, and announced the launch of the second round of liquidity support plan three days later on March 10. Previously, CZ personally tried on-chain products. The "newbie" CZ who used on-chain tools for the first time only knew the problem after using his own Dex. In March, the Pascal hard fork test was launched, introducing gas abstraction, smart contract wallets, bundled transactions, etc., and repeatedly issued articles determined to completely improve the vicious MEV.

After all this was prepared, a new round of "stress testing" arrived. With CZ's forwarded post "Mubarak", the third wave after the "test concept" and "broccoli concept" was officially launched. Rhythm also reported on the "Mubarak" incident, so I won't repeat it here.

Extended reading: "Mubarak soared 1,300 times over the weekend, and CZ added a few more A8 players to BSC｜100x review"

This time, the market has a positive attitude towards this round of "CZ" trading, and more of the grasp of the rhythm this time is a world of difference compared to the previous times. First of all, the news of MGX's investment in Binance attracted everyone's attention. In conjunction with Binance’s Chinese Twitter account, CZ “created out of nothing” the “Middle East” concept of Mubarak, and He Yi interacted with the easy-to-understand IP image “Palu”. Then CZ quickly interacted with one of the Mubarak community members on Twitter, avoiding the chaos of the previous broccoli period. At important moments, very clever benefits were used to push Mubarak to a new height. This triggered a Meme Season in a broader sense. After Mubarak was launched on Binance Contracts, Binance Alpha2.0 was brought and the “BNB Goodwill Alliance” was promoted to boycott Mev.

More unofficial support for spontaneous infrastructure has also begun to appear, such as Flap, which took over when He Yi’s “DDDD” hot spot was released when Four.meme was paralyzed, and the new token launch model FairMint, etc. More and more infrastructure has appeared in this cycle.

The effect brought by Meme Szn this time also brought Binance a lot of benefits from a data perspective. The first and most obvious one is the trading volume of Dex, which once reached twice that of Solana during this cycle.

The token turnover rate has surged several times, but the amount of funds has not entered in large quantities from the external chain, indicating that liquidity is formed by real buy and sell orders in the market and still maintains a certain upward trend.

GDP represents the ratio of fees earned by applications in the ecosystem. GDP and ecosystem transaction volume remain basically stable, but the TVL in the ecosystem has doubled, and the on-site liquidity is still not saturated relative to the number of participants.

Community influencer and researcher Timo "@timotimo007" believes that Binance is directly using the liquidity side "demand side" this time, using the changes in the liquidity side to in turn affect asset issuance. Simply put, the huge amount of liquidity in the Binance main site will affect how subsequent assets are issued, but unexpectedly Binance did not think from the supply side, but directly released a big move on the liquidity side, which in turn affects the supply side.

Among them, the KOL incident triggered by the BNB Card incident made people think about the development of BSC’s meme. The market seems to be full of "post-traumatic stress syndrome" for the behavior of this "conspiracy group". From the perspective of the concept of Meme Master Neso, most of BSC’s current meme coins are still Forced memes, which refer to memes that are artificially promoted or attempted to be forcibly popularized, rather than naturally spread through people’s love and sharing. However, this type of meme lacks external scalability and cannot form a freely developing community scale on the chain. This will be the key to whether BSC can successfully replicate Solana.

Whether the current wave of BSC's popularity can continue, we still need to observe the market's reaction. If attention and liquidity can continue, they will generate inertia. According to the 2025 BNB Chain plan listed by "Chief Intern" CZ, AI is likely to account for a larger proportion of resources, and DeSci, which has caused a craze before, is also likely to return to BSC. Regarding BSC, BlockBeats will continue to follow its next move.