BNB Chain gains momentum again: A look at the 10 most active projects recently.

Hotspots frequently occur, user numbers surge, is this round of market trend belonging to BNB Chain?

Written by: Scof, ChainCatcher

Recently, the BNB Chain ecosystem has once again heated up. After the explosive on-chain participation on the Binance Alpha platform, both the trading volume and the number of active addresses on the BNB Chain have experienced rapid growth. On May 19, the daily trading volume of Binance Wallet reached as high as 5 billion USD, accounting for 95.3% of the share among the top 12 mainstream wallets, setting a new historical record.

One of the core driving forces behind this explosion is Binance Alpha’s guidance of Web3 projects with “low barriers + high incentives.” Users can interact on-chain without a wallet, participate in token pre-sales and airdrops, which has spurred a surge in the popularity of Alpha projects after their launch. Under this dual drive of Alpha + Meme, several tokens have experienced a dramatic increase in trading volume in a short period.

The following are the 10 most actively traded tokens on the BNB chain and a brief analysis of their projects.

1. $B (BUILDon)

• 24H Trading Volume: 3.7 billion USD
• Market Cap: 1.7 billion USD
• Active trading users: 11,619
• 24H Trading Volume: 54,639

BUILDon is a meme coin on the BNB Chain with a lion as its mascot, originally issued through the Fourmeme platform. At first, the market capitalization was only a few million dollars, and it was not until mid-May that the project announced that it would bond USD1 and jointly hold a trading competition, which ushered in an inflection point in trading activity.

After Alpha went live, the trading link directly pointed to $B, attracting market attention. Now $B has become one of the main liquidity pools of USD1 and has received official support from WLFI. Its peak market capitalization has exceeded 400 million dollars, making it the most strategically significant project in the Meme category on the BNB chain.

2. $B2 (B² Network)

• 24H Trading Volume: 7.1 Billion USD
• Market Cap: 29.2 million USD
• Active trading users: 26,410
• 24H Transaction Count: 306,723

B² Network is a zk Rollup Layer2 network on Bitcoin, compatible with EVM, supporting interaction between BTC and ETH addresses. With the positioning of “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)

• 24H Trading Volume: 1 billion USD
• Market Cap: 8.4 billion USD
• Active trading users: 10,782
• 24H Trading Volume: 193,047

KOGE is a token initiated by the 48 Club community. The 48 Club is the first DAO on the BNB chain, active since 2018, with over 500 members, focusing on ecosystem investment, technical operations, and community governance.

After Binance Alpha ignited traffic, the time-honored community token has re-entered the market’s view, with $KOGE rising in momentum and trading volume surpassing 1 billion dollars.

4. $RWA (Allo)

• 24H Trading Volume: 101 million USD
• Market Cap: 23.2 million USD
• Active trading users: 27,691
• 24H Transaction Count: 119,585

Allo is a Layer 1 platform focused on the tokenization of physical assets, supporting on-chain transactions of high-value assets such as real estate and artworks, and has currently completed the tokenization of 2.2 billion dollars worth of assets.

$RWA is its native token, which has quickly become the focus of on-chain enthusiasm due to the recent revival of the RWA concept and the platform’s strong fundamentals.

5. $MERL (Merlin Chain)

• 24H Trading Volume: $96.9 million
• Market Cap: 500 million USD
• Active Trading Users: 7,129
• 24H Trading Volume: 111,542

Merlin Chain is a Bitcoin L2 project supported by Bitmap, built on BTC layer assets for applications such as the metaverse and DeFi, positioning itself as “making Bitcoin fun again.”

As one of the first round trading launch projects of Binance Alpha, $MERL continues to attract capital inflow with the dual support of ecological narrative and platform backing.

6. $SKYAI (SKYAI)

• 24H Trading Volume: 90.5 million USD
• Market Cap: 56.8 million USD
• Active trading users: 5,600
• 24H Trading Volume: 130,724

SKYAI is a data bridging protocol that serves AI entities, connecting multi-chain data with large language models based on the MCP standard. It is a representative project in the AI + Infra crossover track.

Its tokens are actively traded on chains such as Solana and BSC, and with the anticipation of the MCP market opening, its ecological potential continues to attract attention.

7. $BANK (Lorenzo Protocol)

• 24H trading volume: 78 million USD
• Market Cap: 32.9 million USD
• Active Trading Users: 2,682
• 24H Transactions: 104,024

Lorenzo Protocol is a modular Bitcoin L2 infrastructure based on Babylon, supporting smart contract execution and USD1 liquidity access, emphasizing security and asset compatibility.

Currently part of the USD1 strategic expansion camp alongside BUILDon, $BANK successfully gained traffic dividends from the Alpha platform through narrative resonance.

8. $AIOT (OKZOO)

• 24H Trading Volume: 59.3 million USD
• Market Cap: 16.7 million USD
• Active trading users: 5,234
• 24H Transactions: 66,038

OKZOO is a project that combines AIoT, DePIN, and GameFi. By using P-mini hardware to collect environmental data, users can earn $AIOT token rewards.

The project has independent hardware manufacturing capabilities, with more than 10 million ecological users, and the V2 virtual pet quickly became popular after its launch, becoming a star project in the direction of DePIN evolution.

9–10. $CZPizza / $PizzaCZ

$CZPizza

• 24H Trading Volume: 6.4 million USD
• Market Cap: 5800 USD
• Active Users: 1,146
• Number of transactions: 5,197

$PizzaCZ

• 24H Trading Volume: 790,000 USD
• Market Cap: 340,000 USD
• Active users: 1,089
• Number of transactions: 1,588

Both meme coins originated from CZ’s posting of a change of avatar on May 22, dubbed by the community as a modern version of “Pizza Day.” By binding emoji culture to high-profile topics, they have quickly become short-term speculative hotspots, but they lack technical or application support, and are typical follow-up assets.

Summary: Ecological Hotspot Rotation Driven by Alpha

From Meme narratives to AI Infra, from Bitcoin L2 to DePIN environmental data collection, these tokens represent not only traffic but also reflect that the Binance Alpha platform is guiding the structural ecological renewal of the BNB chain.

Through TGEs, airdrops, and the Alpha Points incentive mechanism, Alpha has achieved a participation model of “low barrier to entry + high yield expectations,” allowing high-quality projects to gain early attention and promoting overall activity in on-chain trading.

The next wave of narrative for BNB Chain may have quietly unfolded among these tokens on the trading leaderboard.