Original author: Scof, ChainCatcher
Original editor: TB, ChainCatcher
Recently, the BNB Chain ecosystem has heated up again. After the Binance Alpha platform ignited the participation in the chain, the transaction volume and the number of active addresses on the BNB chain have seen rapid growth. On May 19, Binance Wallets daily transaction volume reached US$5 billion, accounting for 95.3% of the 12 major mainstream wallets, setting a record high.
One of the core driving forces of this explosion is Binance Alphas low threshold + high incentive guidance for Web3 projects. Users can interact on the chain without a wallet and participate in token pre-sales and airdrops, which has driven the popularity of the Alpha project after it went online. Driven by this wave of Alpha + Meme, the trading volume of multiple tokens has skyrocketed in a short period of time.
The following is a brief analysis of the 10 most actively traded tokens and their projects on the BNB chain.
1. $B (BUILDon)
24-hour trading volume: $3.7 billion
Market value: $1.7 billion
Active traders: 11,619
24H transaction number: 54,639
BUILDon is a meme coin on the BNB chain, with a lion as its mascot, and was originally issued through the Fourmeme platform. At first, its market value was only a few million US dollars, until the project announced the binding of USD 1 and co-hosted a trading competition in mid-May, and the trading activity reached a turning point.
After the Alpha was launched, the transaction link directly pointed to $B, which attracted market attention. Now $B has become one of the main liquidity pools of USD 1 and has received official support from WLFI. Its peak market value has exceeded US$400 million, making it the most strategically significant project in the BNB chain meme.
2. $B 2 (B² Network)
24-hour trading volume: $7.1 billion
Market value: $29.2 million
Active traders: 26,410
24H transaction number: 306,723
B² Network is a zk Rollup Layer 2 network on Bitcoin, compatible with EVM, and supports interaction between BTC and ETH addresses. With its positioning as the most practical L2 for Bitcoin, it has become one of the hot projects in the current multi-chain interoperability track.
3. $KOGE (48 Club)
24 H trading volume: USD 1 billion
Market value: $8.4 billion
Active traders: 10,782
24H transaction number: 193,047
KOGE is a token initiated by the 48 Club community. 48 Club is the first DAO on the BNB chain. It has been active since 2018 and has more than 500 members, focusing on ecological investment, technical operation and maintenance, and community governance.
After Binance Alpha ignited traffic, old community tokens also re-entered the markets vision. $KOGE took advantage of the opportunity to rise, with trading volume exceeding US$1 billion.
4. $RWA (Allo)
24H trading volume: $101 million
Market value: $23.2 million
Active traders: 27,691
24H transaction number: 119,585
Allo is a Layer 1 platform focused on the tokenization of physical assets. It supports on-chain transactions of high-value assets such as real estate and artworks, and has currently completed the tokenization of US$2.2 billion in assets.
$RWA is its native token. Recently, due to the resurgence of the RWA concept and the impressive fundamentals of the platform, it has quickly become the focus of attention on the chain.
5. $MERL (Merlin Chain)
24H trading volume: USD 96.9 million
Market value: $0.5 billion
Active traders: 7,129
24H transaction count: 111,542
Merlin Chain is a Bitcoin L2 project supported by Bitmap. It builds applications such as the Metaverse and DeFi based on BTC’s first-layer assets, with the goal of “making Bitcoin interesting again.”
As one of the projects launched in the first round of Binance Alpha transactions, $MERL continues to attract capital inflows with the dual support of ecological narrative and platform support.
6. $SKYAI (SKYAI)
24H trading volume: USD 90.5 million
Market value: $56.8 million
Active traders: 5,600
24 H transaction number: 130,724
SKYAI is a data bridging protocol serving AI agents. It connects multi-chain data with large language models based on the MCP standard and is a representative project in the cross-track of AI + Infra.
Its tokens are active simultaneously on chains such as Solana and BSC. With the expected opening of the MCP market, its ecological potential continues to attract attention.
7. $BANK (Lorenzo Protocol)
24H trading volume: USD 78 million
Market value: $32.9 million
Active traders: 2,682
24H transaction number: 104,024
Lorenzo Protocol is a modular Bitcoin L2 infrastructure based on Babylon, supporting smart contract execution and USD 1 liquidity access, emphasizing security and asset compatibility.
Currently, $BANK belongs to the USD 1 strategic expansion camp together with BUILDon. With the help of narrative resonance, $BANK successfully obtained the traffic dividend of the Alpha platform.
8. $AIOT (OKZOO)
24H trading volume: USD 59.3 million
Market value: $16.7 million
Active traders: 5,234
24H transaction number: 66,038
OKZOO is a project that combines AIoT, DePIN and GameFi. By collecting environmental data through P-mini hardware, users can receive $AIOT token rewards.
The project has independent hardware manufacturing capabilities and more than 10 million ecological users. V2 virtual pet quickly became popular after its launch and became a star project in the evolution direction of DePIN.
9 – 10. $CZPizza / $PizzaCZ
$CZPizza
24H trading volume: USD 6.4 million
Market value: $5,800
Number of active users: 1,146
Number of transactions: 5,197
$PizzaCZ
24 H trading volume: $790,000
Market value: $340,000
Number of active users: 1,089
Number of transactions: 1,588
Both of these meme coins originated from CZ’s tweet on May 22nd, in which he changed his profile picture. The community dubbed them as the modern version of “Pizza Day.” By combining emoji culture with hot topics, they quickly became short-term speculative hotspots, but they lacked technical or application support and were typical trend-following assets.
Summary: Alpha-driven ecological hotspot rotation
From Meme narratives to AI Infra, from Bitcoin L2 to DePIN environmental data collection, these tokens are not only about 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 incentive mechanisms, Alpha has achieved a participation method of low threshold participation + high return expectations, allowing high-quality projects to receive early attention and promoting the overall activation of on-chain trading behaviors.
The next wave of BNB Chain’s narrative may have quietly unfolded among the tokens on these trading rankings.
(This article is for reference only and does not constitute investment advice)
