BNB Chain heats up again: A look at the 10 most active projects recently

Author: Scof, ChainCatcher

Editor: TB, ChainCatcher

Recently, the BNB Chain ecosystem has heated up again. After the Binance Alpha platform ignited on-chain participation, 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, accounting for 95.3% of the market share among the 12 major wallets, setting a new historical record.

One of the core driving forces behind this explosion is Binance Alpha's guidance for Web3 projects with a "low threshold + high incentive" approach. Users can interact on-chain without a wallet, participate in token presales and airdrops, which has driven a surge in popularity for Alpha projects after their launch. Under this dual drive of Alpha + Meme, several tokens have seen a dramatic increase in trading volume in a short period.

Here are the 10 most actively traded tokens on the BNB Chain currently, along with a brief analysis of their projects.

1. $B ( BUILDon )

• 24H Trading Volume: $537 million
• Market Cap: $217 million
• Active Trading Users: 11,619
• 24H Transaction Count: 54,639

BUILDon is a meme coin on the BNB Chain, with a lion as its mascot, initially issued through the Fourmeme platform. It started with a market cap of only a few million dollars until mid-May when the project announced a binding with USD1 and co-hosted a trading competition, marking a turning point in trading activity.

After its Alpha launch, the trading link directly pointed to $B, attracting market attention. Now, $B has become one of the main liquidity pools for USD1 and has received official support from WLFI, with a peak market cap exceeding $400 million, making it the most strategically significant meme project on the BNB Chain.

2. $B2 ( B² Network )

• 24H Trading Volume: $371 million
• Market Cap: $29.2 million
• Active Trading Users: 26,410
• 24H Transaction Count: 306,723

B² Network is a zk Rollup Layer2 network on Bitcoin, compatible with EVM, supporting interactions 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: $210 million
• Market Cap: $184 million
• Active Trading Users: 10,782
• 24H Transaction Count: 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 ecological investment, technical operations, and community governance.

After Binance Alpha ignited traffic, this long-established community token re-entered the market's view, and $KOGE rose with the trend, surpassing $1 billion in trading volume.

4. $RWA ( Allo )

• 24H Trading Volume: $101 million
• Market Cap: $23.2 million
• Active Trading Users: 27,691
• 24H Transaction Count: 119,585

Allo is a Layer1 platform focused on the tokenization of physical assets, supporting on-chain trading of high-value assets such as real estate and artworks, having completed the tokenization of $2.2 billion in assets.

$RWA is its native token, which has quickly become a focal point on-chain due to the recent resurgence of the RWA concept and the platform's impressive fundamentals.

5. $MERL ( Merlin Chain )

• 24H Trading Volume: $96.9 million
• Market Cap: $105 million
• Active Trading Users: 7,129
• 24H Transaction Count: 111,542

Merlin Chain is a Bitcoin L2 project supported by Bitmap, building applications such as the metaverse and DeFi based on BTC layer one assets, positioning itself as "making Bitcoin fun again."

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

6. $SKYAI ( SKYAI )

• 24H Trading Volume: $90.5 million
• Market Cap: $56.8 million
• Active Trading Users: 5,600
• 24H Transaction Count: 130,724

SKYAI is a data bridging protocol serving AI entities, connecting multi-chain data with large language models based on the MCP standard, representing a cross-section of AI + Infra.

Its token is actively traded on chains like Solana and BSC, and with the anticipated opening of the MCP market, its ecological potential continues to attract attention.

7. $BANK ( Lorenzo Protocol )

• 24H Trading Volume: $78 million
• Market Cap: $32.9 million
• Active Trading Users: 2,682
• 24H Transaction Count: 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, it belongs to the same USD1 strategic expansion camp as BUILDon, successfully gaining traffic dividends from the Alpha platform through narrative resonance.

8. $AIOT ( OKZOO )

• 24H Trading Volume: $59.3 million
• Market Cap: $16.7 million
• Active Trading Users: 5,234
• 24H Transaction Count: 66,038

OKZOO is a project combining AIoT, DePIN, and GameFi, collecting environmental data through P-mini hardware, allowing users to earn $AIOT token rewards.

The project has its own hardware manufacturing capabilities, with over ten million ecological users. After the launch of V2 virtual pets, it quickly became popular, emerging as a star project in the evolution direction of DePIN.

9--10. $CZPizza / $PizzaCZ

$CZPizza

• 24H Trading Volume: $6.4 million
• Market Cap: $5,800
• Active Users: 1,146
• Transaction Count: 5,197

$PizzaCZ

• 24H Trading Volume: $790,000
• Market Cap: $13,400
• Active Users: 1,089
• Transaction Count: 1,588

These two meme coins originated from a tweet on May 22 when CZ changed his avatar, humorously dubbed by the community as the modern version of "Pizza Day." By tying meme culture to trending topics, they quickly became short-term speculative hotspots, but lack technical or application support, making them typical trend-following assets.

Conclusion: Ecological Hotspot Rotation Driven by Alpha

From meme narratives to AI Infra, from Bitcoin L2 to DePIN environmental data collection, these tokens not only represent traffic but also reflect how the Binance Alpha platform is guiding a structural renewal of the BNB Chain ecosystem.

Through TGEs, airdrops, and the Alpha Points incentive mechanism, Alpha has achieved a "low-threshold participation + high-return expectation" model, allowing quality projects to gain early attention and driving comprehensive activity in on-chain trading.

The next wave of narratives for the BNB Chain may have quietly begun to unfold among these trading leaderboard tokens.

(This article is for reference only and does not constitute investment advice.)