Can BSC become the next Meme coin trend? An in-depth analysis of the triangular formation of on-chain user scale, ecological collaboration, and capital consensus

The Current State of Meme Coins on Ethereum and Solana: Elite vs. Speculative

When it comes to Meme coins, Ethereum has always taken the “high-cold elite” route. As the pioneer of smart contracts, its Meme ecosystem has always centered around community-driven and financialization narratives. By 2025, the upgrade of Pectra and the promotion of spot ETFs indeed gave a warm breeze to Meme coins on Ethereum, but the problems are also obvious—high Gas fees, ecosystem fragmentation of Layer2, leading to long incubation cycles for projects, and high participation barriers for ordinary users. While veteran projects remain popular, the entire ecosystem is limited by “elitism,” making explosive growth almost impossible.

Solana’s approach is completely different. With low Gas fees and ultra-high TPS, it has forcibly made itself a “testbed” for Meme coins. Tokens like BONK and PENGU once saw their market caps soar wildly, and on-chain transaction frequency far exceeded other Layer 1s. But such rapid growth also has pitfalls—Solana is firmly labeled as a “Meme chain,” with rampant speculation within the ecosystem, PVP culture, and occasional chain outages, making technical stability a major issue.

BSC’s Counterattack: From Retail Frenzy to Ecosystem Institutionalization

In contrast, BSC has taken the third path. From the moment it launched, it attracted over 630 million on-chain addresses and an average of over 15 million transactions daily, thanks to extremely low fees, sub-second confirmation times, and EVM compatibility. Its user base mainly consists of retail investors from emerging markets like Asia and Latin America, who have a strong appetite for small-value, high-frequency trading—this demand and the viral spread of Meme coins are a natural fit. The explosive growth of “Binance Life” and Giggle in October 2025 demonstrates what? It shows the power of concentrated user base and liquidity advantages of BSC.

What has Binance done behind this? Simply put, three main strategies.

First is infrastructure upgrades. The launch of Web3 wallets and Alpha platforms directly converted centralized users into on-chain participants. Alpha, as a project incubation platform, provides traffic exposure and liquidity support for early Meme projects, effectively creating a green channel for new projects.

Second is regulated token issuance. Meme Rush platform incorporated permissionless token issuance into a regulatory framework, with KYC verification, liquidity locking, and a three-phase migration mechanism, significantly reducing fraud risk and enhancing compliance. This provides security for retail investors.

Third is the secret weapon—cultural resonance. Official figures like CZ and He Yi actively interact, injecting “cultural narrative + capital consensus” into Meme coins. The “Binance Life” meme with Chinese blessings directly activated the entire community, and this cultural resonance can be more powerful than any marketing.

On the technical side, BSC hasn’t been idle. Upgrades like Maxwell hard fork and Goodwill Alliance’s anti-MEV mechanisms have improved user experience. The ecosystem is also expanding into RWA, GameFi, and other scenarios, providing more application points for Meme coins. Interestingly, Giggle, a project that donates 5% of transaction taxes to CZ’s educational projects, has pioneered a new “Meme + charity” model, making Meme coins no longer purely speculative tools.

Why the Birth of Billion-Dollar Meme Coins Is on BSC?

The current crypto market has entered the “post-BTC $120,000” era, with capital shifting from “institutional assets” to “consumer scenarios.” Thanks to more aggressive speculation attributes and lower participation barriers, BSC has become the first choice for capital rotation. Historical data shows that the average return rate of Meme projects on BSC far exceeds that of similar projects on Ethereum and Solana.

Looking at geographical advantages, BSC’s “mass-market” user structure naturally aligns with Meme dissemination logic. The on-chain stablecoin circulation exceeds $11 billion, supporting high-frequency trading liquidity; various token issuance platforms (like Four.meme) further reduce developers’ trial-and-error costs, attracting continuous developer influx.

And the people? BSC has already formed a positive cycle of “platform-project-user.” Platform providers design fair launch mechanisms and liquidity incentives; project teams build moats through IP binding and community operations; users drive market cap surges through “social fission + short-term arbitrage.” Capital backing from giants like Binance further amplifies market confidence, creating a spiral of “narrative → price → liquidity.”

Overview of Representative BSC Meme Projects

The most representative projects include:

$Binance Life — Originates from the Chinese blessing meme, resonating culturally.

$4 — Inspired by CZ’s classic gesture, simple and powerful.

$BAB — Inspired by Binance’s soul-binding token BABT, inheriting CZ’s advocated “Build And Build” community spirit.

$Giggle — Tied to CZ’s educational charity efforts, carrying social responsibility.

$Customer Service Xiao He — Based on He Yi’s persona as a frontline customer service representative.

$Xiu Xian (Cultivation) — The theme “Let’s Cultivate Together” proposed by He Yi in Binance Square.

These projects may seem like jokes, but they actually carry cultural identity and community cohesion within the Binance ecosystem.

Can It Break the Meme Cycle Curse?

Historical lessons tell us that for Meme coins to break the billion-dollar market cap, they often require both ecosystem explosion and capital consensus. BSC now possesses these two conditions. Large user scale, ongoing technological iteration, and innovative systems are breaking the “fleeting fame” fate.

But what is the precondition? The precondition is that BSC can continue attracting quality developers, improve compliance frameworks, and transform Meme momentum into long-term scenarios like DeFi and SocialFi. If these are achieved, the soil for the next billion-dollar project is already mature.

Of course, the boundary between speculation and innovation still needs careful balancing. But at least within the 2025 timeframe, BSC’s Meme ecosystem has shown the potential to rewrite industry patterns. It all depends on subsequent execution.