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CZ Stops Tweeting to Boost Memes, Can BNB Chain Still Become the "Next Solana"?

2025-02-14 20:29
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In the world of cryptocurrency, hot events always quickly create waves. On February 13 and 14, a series of PVP frenzies took place on the BNB Chain surrounding CZ's pet dog. Then, in the afternoon of the 14th, CZ suddenly deleted a tweet mentioning the Meme coin BROCCOLI and tweeted, "Can't tweet anymore. People always overinterpret my tweets. Anything casually mentioned will be attached with several layers of extra meaning." The previously surging tokens on the BNB Chain also began to plummet.


How exactly did CZ lead such a Meme frenzy on the BNB Chain, and did the BNB Chain withstand the test in the fierce PVP, demonstrating the potential for continued brilliance even after CZ's tweet deletion supporting the Meme?


Opportunity is also a Test: MAL Renamed, Boosting CZ's Pet Dog Frenzy


At 12:12 AM on February 14, CZ's "real dog" Broccoli finally appeared, kicking off a PVP centered on the BNB Chain.


As CZ did not disclose the official token contract address, a large number of homogeneous tokens were simultaneously launched on the BNB Chain, flooding the new coin billboard with the same picture and name, showcasing its grand momentum and the intensity of the PVP.



In addition to many anonymous developers, official participation from Bounce Brand continued to climax this "broccoli" fever. On the night of the 13th, Bounce Brand officially released a new token that was initially named $MAL after CZ's Belgian Malinois dog but then, after CZ revealed his dog's real name, Bounce Brand renamed the already launched $MAL token to $BROCCOLI and provided the contract address on the BNB Chain.



Due to the excessive number of tokens in the market, it was difficult and too time-consuming to investigate the security of each token individually. The sudden appearance of a token endorsed by Bounce Brand made it much more authoritative and trustworthy. Well-known KOL "Stay calm, stay calm again (@hexiecs)" tweeted that he bought 1% of the $BROCCOLI launched by Bounce Bit, with the following reasons: 1. Bounce Bit team deployment, fair launch, unlike several other coin devs that have massive pre-mined holdings; 2. A genuine OG contract, deployed before CZ's announcement and then renamed after CZ revealed the name; 3. Several coins from the Bounce Bit team have been listed on Binance, leaving room for imagination.


Compared to other tokens that may need to undergo intense PVP baptism to stand out and attract more attention, the token officially released by Bounce Brand is like a glaring driftwood in this Meme melee, quickly seen by a large number of investors. After announcing the token's renaming information, its market value soared all the way, peaking in about 2 hours, briefly surpassing $70 million.



However, in the end, Bounce Brand's token did not become the "Broccoli Head." The Binance Web3 Wallet's popular project (previously the "CZ's Dog" project, which has now been deleted) shows that, as of the time of writing, the current highest market value in the Broccoli-themed token is only $300 million. Despite high market participation, there is currently no consensus-driven flagship project.


The Bumpy BNB Chain: Can It Handle Enormous Memes?


When tens of thousands of Meme coins with the Broccoli name appeared on the BNB Chain, the BNB Chain did not provide users with the smooth service like the Solana chain. Countless investors experienced the embarrassment of not being able to buy in, unable to sell out, network congestion, page freezing, getting sandwiched, and encountering numerous rug pull incidents... With the jewels of the Solana chain behind them, investors all criticized the poor user experience of the BNB Chain.



To intuitively demonstrate the gap between the BNB Chain and Solana Chain in terms of infrastructure, the author selected several dimensions including TPS and transaction volume, daily active users, token creation data, and security and compliance to compare the two blockchains.


1. TPS and Transaction Volume


Solana is favored for its high throughput and low latency. Its transaction throughput can reach thousands or even tens of thousands per second, greatly enhancing the network's processing capacity. For a large number of Meme coins, Solana can handle a large number of transactions in a short period without bottlenecks. Although BSC does not have the same performance as Solana, it still has a relatively high transaction speed, and due to its simpler structure, transaction processing is more stable. BSC enhances its compatibility with the existing Ethereum ecosystem by using Ethereum Virtual Machine (EVM) compatible smart contracts, helping attract more developers.


Regarding transaction speed, according to blockchain explorer data, Solana's real-time TPS (Transactions Per Second) is 1,204, BNB Chain's real-time TPS is 96.3, and BSC's peak TPS is around 300-400. Solana's theoretical peak TPS is 65,500, but its daily TPS remains around 1,000 or more. The data comparison clearly shows that Solana's chain has a much higher transaction speed potential compared to BNB Chain. In terms of transaction volume, according to DefiLlama data, Solana's 24-hour transaction volume is $3.772 billion, while BNB Chain's 24-hour transaction volume is $3.292 billion, making them roughly equivalent.


2. Daily Active Users


According to DefiLlama data, Solana has 4.67 million 24-hour active users, whereas BNB Chain has 1.73 million 24-hour active users. Solana's active user base is almost three times that of BNB Chain. A high number of active users signifies more transaction demand and on-chain liquidity, which are crucial for the rapid trading and dissemination of meme coins. For a considerable period, Solana has been the battleground for meme coins, amassing a significant number of active users. Due to user inertia, even as BNB Chain's popularity rises, Solana's users are unlikely to swiftly migrate to BNB Chain.


3. Token Creation Volume and Daily Token Creation


KOL Defi_Mochi (@defi_mochi) disclosed statistics from Dune on Twitter, revealing the token deployment status of the four.meme platform and the pump.fun platform. The data shows that the four.meme platform has 31,162 tokens created, with a daily token creation of 3,947; the pump.fun platform has 7,605,186 tokens created, with a daily token creation of 54,368.


The daily token creation volume to some extent reflects a platform's popularity and activity level. A higher daily token creation indicates more developers or projects actively engaging, aiming to attract user attention and investment through new token launches, thereby reflecting the platform's high market visibility. The birth of numerous new tokens may also imply market confidence in the platform, with individuals believing that launching new tokens there presents an opportunity for greater returns and development prospects. The significant disparity in daily token creation between these two platforms clearly indicates that pump.fun has far greater popularity and activity level due to long-term accumulation and user inertia. However, it also demonstrates that the four.meme platform currently possesses tremendous growth potential, allowing builders to envision its future prospects more boldly.



Image Source: dune; Above: Data on token creation from the four.meme platform; Below: Data on token creation from the pump.fun platform


4. Security and Compliance


Solana itself does not have a clear regulatory framework. Its decentralized and high-speed nature may raise doubts about its compliance with regulatory agencies, especially when it comes to projects related to the financial market. If Meme coins on the Solana blockchain become a market hotspot, they may attract the attention of regulatory authorities, especially in terms of anti-money laundering and fund flow monitoring. Recently, pump.fun has been repeatedly sued for issuing tokens without approval, facing numerous legal and regulatory risks, which could also become an uncertain factor affecting the future development of pump.fun.


On the other hand, as Binance's launched chain, the BNB Chain's compliance may be influenced by regulatory pressures on Binance itself. Being a globally renowned institution, Binance faces significant pressure in various countries' regulatory environments. Meme coin projects on the BNB Chain, especially those with opaque backgrounds or compliance guarantees, may encounter higher regulatory risks.


From all the data above, both in terms of infrastructure itself and user willingness to use, BNB Chain lags behind Solana. This indicates that if BNB Chain wants to become the next Solana chain and withstand the immense network pressure comparable to the $TRUMP launch, there are still many details that need to be optimized and updated. Recently, BNB Chain released its 2025 annual strategic roadmap, which covers aspects such as transaction speed, gas fee transaction mechanisms, anti-MEV protection mechanisms, and smart wallet upgrades, undergoing a comprehensive upgrade from infrastructure to application ecosystem, aiming to significantly enhance its network's competitive advantage. Even if this round of Meme hype fades, if BNB Chain does indeed undergo a comprehensive upgrade as expected, investors may look forward to the BNB Chain shining in 2025 and bringing more new surprises to the market.



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