The Wealth Effect has arrived on the BNB Chain.

On November 25, Binance Futures launched perpetual contracts for 1000WHYUSDT and 1000CHEEMSUSDT. Whether it's the Shiba Inu MEME Cheems with a built-in ironic buff on the BNB Chain or WHY as a BSC MEME aggregation platform token, both have become the focus of market discussion. At the same time, Binance Labs announced an investment in Kernel, the re-staking infrastructure of the BNB Chain, further solidifying the BNB Chain's DeFi ecosystem layout. Two days later, Binance announced the listing of Thena (THE) on November 27.

This DeFi representative project on the BNB Chain has not only attracted a large number of traders, igniting discussion of the BNB Chain DeFi narrative in the market, but has also caused a surge in various native tokens and MEME prices on the BNB Chain due to its flywheel effect.

Over the past few days, the trading volume of the BNB Chain has been on par with the Base Chain, BNB Chain concept tokens have generally risen, and the liquidity within the ecosystem continues to climb. The discussion boom about "BNB Chain season" has heated up again, with the attractiveness of the ecosystem and market attention continuing to rise.

BlockBeats has compiled in this article which projects on the BNB Chain are worth paying attention to. This is not investment advice, and all market cap and price increase data are as of the writing time of November 28, 22:00.

AI MEME

Let's start with AI MEME on the BNB Chain. Recently, AI has been a hot topic in the crypto world, but the hype around related MEME coins has mainly been on Solana and the BASE Chain. The surge of this concept on the BNB Chain is closely related to a tweet from Binance founder CZ. In the tweet, CZ mentioned: "AI tagging (or generally AI data) is very suitable to be completed on the chain. Utilize globally low-cost labor, unaffected by regional bias, (micro-)pay immediately with cryptocurrency. @BNBCHAIN Greenfield provides storage capacity. More tools still need to be built. Let's build them."

Although Defi OG Lao Lu also indicated that one shouldn't overthink, the market's attention to AI MEME has indeed increased as a result, with AI MEME's price increase serving as a direct reflection of this phenomenon.

$AICELL

Market Cap: $20.28M;

24h Change: 211.47%;

$AICELL is an AI project MEME coin based on the BNB Chain and was also the winning project of the Q1 2024 BNB Chain Hackathon. As one of the currently hotly discussed AI MEME-themed projects in the community, it is considered one of the early projects on the BNB Chain to explore this track.

$NMT

Market Cap: $37.6M;

24h Change: 4.28%;

$NMT is the native utility token of NetMind.AI, an AI project on the BNB Chain. NetMind.AI has the NetMind Chain, which utilizes the Proof of Authority (PoA) consensus mechanism and provides various specifications and models of GPU computing power for rent, as well as strategic partnerships with several innovative AI companies.

The NetMind.AI team has a deep AI background, with founder Kai Zou graduating from Tsinghua University, having published multiple papers at top academic conferences, and collaborated with OpenAI researchers. This background enables NetMind.AI to connect with professional AI researchers and institutions. Currently, NetMind.AI has established academic partnerships with several world-renowned universities such as Tsinghua University, University of Cambridge, University of Wisconsin–Madison, Shanghai Jiao Tong University, Huazhong University of Science and Technology, Fudan University, and more.

Related Reading: "NetMind.AI: Who Says Academic Scholars Can't Make Industry Impact? Tsinghua Team Builds the First Decentralized AI Full-Stack Template"

MEME

Let's talk about MEME on the BNB Chain. MEME projects like WHY and Cheems on Binance Smart Chain (BNB) are already well-known, so we won't go into detail. Currently, their market caps are $80M and $137M, respectively.

$COOKIE

Market Cap: $38M;

24h Change: 54%;

$COOKIE is the token of COOKIE(Dot)FUN, a high-profile AI Agents MEME data platform on BNB Chain. This platform focuses on providing real-time market data related to AI Agents, including key metrics such as market cap, price changes, and trading volume of various AI agents. As a project that combines AI and MEME narrative, $COOKIE provides investors with an important window to observe the AI Agents market dynamics.

The unique positioning of COOKIE(Dot)FUN gives it a certain advantage in the current AI + Crypto trend. With the continued boom of AI Agents projects, there is an increasing market demand for data analysis platforms. As the token of COOKIE(Dot)FUN, $COOKIE may play a role in the following aspects:

The platform may incentivize users to participate in data uploading or analysis activities through the $COOKIE token, further improving the ecosystem's content quality and data accuracy; $COOKIE might serve as a tool for community governance, allowing token holders to participate in platform development decisions; as the platform's functionality expands, $COOKIE may be used in more scenarios, such as data subscriptions, unlocking analysis tools, and payment for customized services.

$BOB

Market Cap: $19M;

24h Change: 72%;

$BOB, short for Building On BNB, is a MEME project based on the BNB Chain. It has a light-hearted and humorous style but strong virality. Its narrative revolves around the "BNB Chain mascot," and the community atmosphere is quite positive.

「Bob」 originally started as a meme in the YouTube comments section, featuring a stick-figure character. Its widespread propagation began in 2013 when YouTube required users to link their accounts to Google+ to comment, sparking community outrage. Many users protested by pasting ASCII art images of 「Bob」 to express their discontent with this change. Bob in the protest movement was often accompanied by Unicode art of a military tank or AK-47 rifle, symbolizing the community's resistance spirit.

DeFi Infrastructure

$THE

Market Cap: $780M;

24hr Change: 27%;

$THE is the native token of the DEX platform Thena on the BNB Chain, the first project launched on Binance after CZ's release from prison. Thena's development has been supported not only by users but also by Binance's founder CZ, who retweeted and endorsed the project. Hence, some in the community suspect this to be an in-house Binance product; however, the Thena team is indeed a grassroots European team. Further reading: "Interview with THENA: How did the ve(3,3) model pioneer change the DeFi landscape on BNBChain?"

As a DEX platform based on the ve(3,3) model, liquidity providers no longer receive direct allocations from transaction fees but instead earn liquidity mining rewards through token issuance. This means that Thena has provided a more efficient liquidity solution for other projects, attracting more funding and partnerships.

On the first day of listing on Binance, $THE's trading volume exceeded $1 billion, surpassing mainstream crypto assets like Dogecoin, Solana, and XRP in trading volume. Currently, $THE ranks second in ecosystem trading volume on the BNB Chain, following only PancakeSwap.

$CAKE

Market Cap: $1.17B;

24h Change: 4%;

$CAKE is the native token of the PancakeSwap platform. As a leading decentralized exchange (DEX) on the BNB Chain, PancakeSwap not only covers the core functions of a traditional DEX but also, through a rich product ecosystem and reward mechanism, has become a key pillar of the BSC ecosystem. Initially similar to Uniswap, PancakeSwap focused on trading and liquidity provision. However, with the rapid expansion of the platform, it has evolved into a full-featured DEX on BSC, covering a more diverse range of products and services.

According to Dune Analytics data, PancakeSwap's trading volume has consistently ranked first on the BNB Chain, far surpassing other DEXs, including consistently outperforming Uniswap. Its strong market performance and user base have made PancakeSwap one of the most representative DeFi projects on BSC.

$LISTA

Market Cap: $559M;

24h Change: 15%;

$LISTA is the native token of ListaDAO. ListaDAO focuses on Liquidity Staking and Overcollateralized Loan Platforms and is the representative LSDFi protocol in the BNB ecosystem. ListaDAO, formerly known as Helio Protocol, received a $10 million investment from Binance Labs in August 2023, marking a successful transformation of the project towards liquidity staking.

The core mission of ListaDAO is to lower the barrier to entry for DeFi participation by supporting diverse collateral types and liquidity unlocking tools, providing users with more liquidity options and yield opportunities. Related Reading: "What is ListaDAO, a Binance-Invested Project with a Clear Airdrop Strategy"

Users can stake assets such as BNB, ETH, etc., to receive ListaDAO's liquidity tokens slisBNB and overcollateralized stablecoin lisUSD. ListaDAO not only supports traditional collateral but also introduces an Innovation Zone for collateral, incorporating innovative assets like Ether.fi's weETH, StakeStone's STONE, and Renzo's ezETH, with plans to expand to multi-chain ecosystems such as Ethereum in the future.

ListaDAO is also one of the key projects invested in by Binance Labs. Its close collaboration with the BNB ecosystem gives it a significant advantage in the liquidity staking space. Through partnerships with PancakeSwap, Thera Finance, APX, and several other platforms, ListaDAO will continue to drive liquidity and user growth.

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