Recent data from Bubblemaps shows that BNB Chain is leading the way in new token launches. In just the last 24 hours, almost 35,000 new tokens were created on the network – significantly more than any other blockchain. This increase in activity also brought about $10 billion in trading volume on the blockchain.
To give you an idea of scale, Solana saw roughly 16,000 new tokens created and $2.3 billion in trading volume. Coinbase’s Base, a Layer 2 solution, had around 30,000 tokens, but significantly less trading activity at $27 million.
BNB Meme Coin Season Is Here
Bubblemaps recently reported a surge in activity on the BNB Chain, driven by new investments in smaller, meme-based cryptocurrencies. This has attracted over 100,000 traders to these new tokens, with almost 70% currently seeing profits. The gains have been significant, with one trader earning over $10 million, 40 earning $1 million or more, and thousands seeing profits in the five- to six-figure range.
Cryptocurrencies like PALU saw a sudden surge in value after Changpeng Zhao, the founder and former CEO of Binance, seemed to acknowledge them, creating over 100 people with six-figure profits. Other tokens, including 币安人生, PUP, and 4, also experienced massive gains, making dozens of people millionaires and thousands more smaller profits.
The recent surge in popularity of meme coins has been noticed by people in the crypto industry, including Binance CEO CZ. He jokingly called it “BNB meme season” and said he was surprised by how quickly it took off.
Lookonchain is warning traders to be careful about chasing quick profits after observing a large cryptocurrency investor lose a significant amount of money on meme coins. The investor, whose digital wallet is labeled 0x2fcf, initially moved $6.65 million worth of BNB to Binance to purchase several popular meme coins. However, this investment quickly turned sour, resulting in losses of $4.54 million within just 24 hours as the value of the purchased tokens plummeted.
Network Undeterred
Despite some individual errors, BNB Chain has seen a growing number of new users. It recently exceeded Solana in the number of active addresses – something it hasn’t done in over a year. This increase is largely due to excitement around the decentralized exchange, Aster, which has significantly increased user activity and overall network usage. As more people use the network, the value of its native token has also risen.
In my research, I’ve observed a significant surge in BNB’s value recently. Over the past week, it’s been one of the top-performing cryptocurrencies, increasing by almost 26%. Currently, it’s trading very close to its record high of over $1,300. This growth has pushed its market capitalization above $181 billion, meaning it’s now surpassed Ripple‘s XRP to become the third-largest cryptocurrency globally.
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2025-10-09 16:59